The dollar held firm on Friday, supported by comments from a Federal Reserve speaker that suggested a U.S. interest rate increase this year is still a real possibility as inflation pressures grow.
U.S. retails sales data and a series of Chinese economic indicators due later in the day will be the market's next major focus points, although trading could be slow with many market participants in Japan on leave this week for the summer holidays.
The dollar's index against a basket of six major currencies rose to 95.906 from this week's low of 95.442 touched on Wednesday, although it looks likely to end the week lower, having lost 0.3 percent so far. Against the yen, the dollar firmed to 101.83 yen from this week's low near 101 yen, though it was flat on the week so far.
The euro eased to $1.1139 after having risen to $1.1192 on Thursday.
The British pound dropped to a one-month low of $1.2936 as more signs of weakness in the housing market fanned worries about the UK economy post-Brexit. Sterling last stood at $1.2987.
REGISTER HERE:->>>> http://capitalstars.com/free-trial
JOIN NOW & TAKE PROFIT WITH OUR ADVICE
Call on: 0731-6669900
TODAYS PROFIT: PREM BHARTFIN 780PUT 12000 IOC 550 CALL 6300
ReplyDeleteNifty Tips | Nifty Future Tips
Apart from self analysis and decisions prior to investing in stock market, traders should also take help from these blogs and can also join Epic Researchfor researched based high accuracy tips to earn more.
ReplyDeleteI was looking for something like this ,Thank you for posting the great content��I found it quiet interesting, hopefully you will keep posting such blogs�
ReplyDeleteNifty future tips