Forex report


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Forex report

  1. 1. 9977785000DAILY FOREXREPORTRESEARCH VIA10/6/2013
  2. 2. MARKET HEADLINES Rupee weakens past 57/dollar, closes in on recordlowThe rupee weakened below 57 to the dollar on Friday to approach arecord low hit about a year ago, reflecting caution ahead of the U.S.monthly jobs data and falls in most emerging market currencies.The rupee was trading at 57.06/07 to the dollar at 0809 GMT,marking its lowest level since late June 2012, when the currency hit arecord low of 57.32.The rupee closed at 56.84/85 on Thursday. Yuan flat even as midpoint at new peak, marketfinds equilibriumThe yuan was flat on Friday even as the central bank set the officialguidance rate at an all-time high after the dollar plunged in overnighttrade.The dollar index, which tracks the dollars value against a basket ofcurrencies, hit 81.077 in overnight trade, its lowest level since lateFebruary, as markets awaited US jobs data.The Peoples Bank of China (PBOC) set the midpoint at 6.1620 onFriday morning, up 0.19 per cent from Thursday and a new high.But spot yuan declined to follow the midpoint and stayed relativelyflat, changing hands at 6.1355 per dollar at midday, up only 0.01 percent from Thursdays close. Aussie, kiwi dollars pressured by weak stocks,bonds rallyThe Australian and New Zealand dollars fell near multi-monthlows on Friday as Asian equities took a beating in a tense marketahead of key US labour data.The Aussie slipped 0.8 per cent on the day to $0.9485, pulling closerto a 20-month low of $0.9427 hit on Thursday.It looked set to end the week lower for the fifth consecutive time,showing a decline of around 1 per cent.
  3. 3. DAILY MARKET STATISTICSCURRENCY EXPIRY OPEN HIGH LOW CLOSEEURINR 26-Jun-13 75.1125 75.9475 75.1125 75.8675EURINR 29-Jul-13 75.6300 76.3100 75.5700 76.1875EURINR 28-Aug-13 76.2250 76.4950 75.6200 76.4900GBPINR 26-Jun-13 88.6000 89.2250 88.5750 89.0775GBPINR 29-Jul-13 88.9550 89.5000 88.8775 89.4225JPYINR 26-Jun-13 58.0000 59.9725 57.6500 59.8475JPYINR 29-Jul-13 59.0025 60.2150 58.8000 60.1075USDINR 26-Jun-13 56.9000 57.3275 56.8650 57.2525USDINR 29-Jul-13 57.2200 57.5850 57.1275 57.5125USDINR 28-Aug-13 57.4375 57.8100 57.3750 57.7500RBI REFERENCE RATE(As on 7THJUNE 2013)UNDERLYING RATEUSDINR 56.7445EURINR 75.2033GBPINR 88.328JPYINR 58.8800
  4. 4. USDINR DAILY ANALYSIS S1-56.9692 S2-56.6858 PP-57.1483 R1-57.4317 R2-57.6108PIVOT POINTS
  5. 5. EURINR DAILY ANALYSIS S1- 75.3375 S2-74.8075 PP-75.6425 R1-76.1725 R2-76.4775PIVOT POINTS
  6. 6. GBPINR DAILY ANALYSIS S1-88.6933 S2-88.3092 PP-88.9592 R1-89.3433 R2-89.6092PIVOT POINTS
  7. 7. 54.9950JPYINR DAILY ANALYSIS S1- 58.3408 S2- 56.8342 PP-59.1567 R1- 60.6633 R2- 61.4792PIVOT POINTS
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