DAILY FOREX REPORT RESEARCH VIA 5/7/2013
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MARKET HEADLINES
Rupee near 1-week low; defence buying rumored The rupee fell to near 1-week high on talk of continued defence buying, said dealers. Outflows related to large petrochemical firm also doing rounds, said dealers. The rupee fell to 54.16, the lowest since May 1 and is currently at 54.13/14, versus its close of 53.935/945 on Friday. Dealers are also outwatching for inflows related to Qatar picking up a stake in Bharti AirtelBSE 0.72 % for $1.26 billion.
Swiss franc steady against dollar amid easing concern The Swiss franc was steady against the dollar, which held gains made late last week after better-than-expected US jobs data eased concerns about the outlook for the world's largest economy. US employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months. The jobless rate also fell to 7.5 per cent, the lowest since December 2008, data showed on Friday. This week, currency dealers will watch Tuesday's Swiss unemployment report for April as well as Wednesday's inflation reading for the same month, Huenerwadel said. The franc was unchanged against the dollar to trade at 0.935 by 0610 GMT compared to the New York close. The franc was virtually unchanged against the euro.
Dollar extends gains against yen on better US outlook The dollar rose against the yen on Monday as optimism about the US economy resurfaced after Friday's above-forecast jobs data while the euro struggled on more evidence of euro zone weakness. This was a change from the recent perception that the Fed could even step up asset purchases after a run of softer data. The dollar was up 0.4 per cent at 99.39 yen, extending gains after Friday's 1 per cent rise. This brought it nearer the 100 yen mark that has been strong resistance in recent weeks.
DAILY MARKET STATISTICS CURRENCY
EXPIRY
OPEN
HIGH
LOW
CLOSE
EURINR
29-May-2013
70.7400
71.2100
70.6975
71.0900
EURINR
26-Jun-2013
71.0525
71.4675
70.9875
71.3400
EURINR
29-Jul-2013
71.4600
71.7500
71.4600
71.6575
GBPINR
29-May-2013
83.8925
84.5000
83.8925
84.3725
GBPINR
26-Jun-2013
84.3250
84.8000
84.3000
84.6975
JPYINR
29-May-2013
54.4975
54.8400
54.4250
54.7475
JPYINR
26-Jun-2013
54.7600
55.1000
54.7500
55.0000
USDINR
29-May-2013
53.9850
54.3425
53.8600
54.2700
USDINR
26-Jun-2013
54.2300
54.5675
54.0950
54.4950
USDINR
29-Jul-2013
54.5350
54.8475
54.4250
54.7650
RBI REFERENCE RATE (As on 6TH MAY 2013) UNDERLYING
RATE
USDINR
53.9495
EURINR
70.7203
GBPINR
84.0317
JPYINR
54.3600
USDINR DAILY ANALYSIS
PIVOT POINTS S1-53.9758 S2-53.6817 PP-54.1592 R1-54.4533 R2-54.6367
EURINR DAILY ANALYSIS
PIVOT POINTS S1- 70.7883 S2-70.4867 PP-70.9992 R1-71.3008 R2-71.5117
GBPINR DAILY ANALYSIS
PIVOT POINTS
S1- 84.3350 S2-84.2975 PP-84.4100 R1-84.4475 R2-84.5225
54.9950
JPYINR DAILY ANALYSIS
PIVOT POINTS
S1- 54.5017 S2- 54.2558 PP-54.6708 R1- 54.9167 R2- 55.0858
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