PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated May 08, 2004

 

 

 

 

 

 

COMMENTS: The US dollar showed an upward trend in the kerb this week too and kept tremendous pressure on the national currency. Greenback was able to post smart gains in the sessions amid its smart recovery against euro and pound sterling in the international market. The rupee which started at Rs.58 this week lost significantly through out. At one stage, rupee fell to as low as Rs.58/09 but recovered afterwards. This week rupee crossed Rs. 58/- barrier which, however, narrowed towards end of this week.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.025

58.075

-.0860

57.895

.2207

 


COMMENTS: Rupee remained under pressure against pound sterling this week as well. The rupee started at Rs.103/10 and was trading at Rs. 103/65 towards the end of the week. The rupee remained under pressure and ended current week showing a loss of 0.40 paisa this week. But able to recover some ground.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

103.45 103.7 -.2410 92.675 11.6806

 


 

 

COMMENTS: Rupee showed a mix trend against euro this week. The currency moved both ways and both rise and falls in its price were recorded. But mostly euro remained on top and showed swift gains through out. Mainly the international market trend was being followed and therefore euro kept reacting towards its international market price changes here in the kerb as well. The euro's 2-cent drop following the strong US jobs report raised doubts on the currency's medium-term prospects amid elevated chances of a June Fed hike.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

69.1 69.55 .7204 64.824 2.2677

 


COMMENTS: Rupee lost grounds against yen this week too amid its fine performance against the US dollar in the international market at the initial stages. However, the currency came under severe pressure towards the end of this week as the US currency jumped to its highest since September after the labor deportment which showed the economy added 288,000 jobs in April. Against the yen, the dollar jumped 2.3 percent to 112.21 yen in New York from 109.74 and reached the highest since Sept. 21.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.514 0.527 -1.1235 0.4835 7.2081