Subscribers will see currency tickers here
News Update Available to subscribers only!
Advertisement

World Time


Home
Daily Report

2021-06-22/TUESDAY

The dollar paused for breath in Asian Market opening trades today, as traders looked to testimony from U.S. Federal Reserve chair Jerome Powell for guidance, after a surprise shift in the central bank\'s policy outlook. The greenback has gained sharply since the Fed last week flagged sooner-than-expected interest rate hikes but dipped yesterday to hand back a little bit of that rise. We have had a meaningful shift (at the Fed) from a longtime dovish stance to now a slightly hawkish one. In the medium term, investors will be keenly focused on the U.S. labor market as its performance is likely to have an influence on the Fed\'s attitude. In the nearer future, all eyes are on Powell who appears before Congress. We have had a bit of a positioning cleanout - the whole world was mega short the U.S. dollar, and that is in good part probably been cleaned out already - and now we take a wee breath before the next move up. In currencies today, the yen fell 0.2% to 110.44 per dollar. The euro was at $1.1911 while the pound was trading higher at $1.3913. The offshore yuan traded at 6.4685 per dollar.  The Indian Rupee opened weaker with a gap of 07 paise at 74.17/18 against its previous session’s close of 74.10/11 and is expected to trade in a range between 73.90 – 74.30 today.
Read more...
 
Dollar Rupee

 
MIDDAY REPORT


Read more...
 

INR Rates

Symbol   Bid  ASK
USD72.83 72.84
GBP103.04717 103.06902
EUR88.69966 88.72151
JPY0.66823 0.66853
CHF81.10245 81.13859
AUD56.30487 56.31944
SGD54.68539 54.68949
CAD60.29972 60.3197
NZD52.21911 52.24824
*Closing Rates on : 2021-05-22

Stock Indices

IndexPointsChange
BSE Sensex52540.75-33.71
S&P CNX Nifty15760.5514.05
NASDAQ14137.2387.645
HangSeng28309.76-179.24
DJ IA31097.9756.84
DAX15562.66-40.58
© 2007 MIDAS FOREX
Website Design, Development & Maintenance by Obound
Disclaimer