04:49
SHARE MARKET REVIEW
DOLLAR
The dollar is proving scarce, even after the Federal Reserve flooded the financial system with an extra $2.3 trillion, as the amount of the highest-quality assets available worldwide shrinks. The U.S. currency appreciated 2.06 percent last week to $1.2517 per euro in New York after touching $1.2496, the strongest since July 2010. It gained 0.84 percent to 79.68 yen. The Dollar Index jumped 1.37 percent to 82.402, its fourth- straight weekly rally.
EURO
The euro fell to the lowest in almost two years against the dollar as Spain struggled to rescue its troubled banks, adding to signs the European debt crisis is spreading to the region’s larger economies. The euro declined 0.4 percent to $1.2448 at 10:52 a.m. London time after sliding to $1.2434, the weakest since July 2010. The single currency fell 0.9 percent to 98.49 yen. It dropped to 98.27 yen, the lowest level since Jan. 18. The yen gained 0.5 percent to 79.11 per dollar.
With Best Indian Stock Market Tips you can make money from these markets by trading in our Intra-day & long term Stock Market Calls with great accuracy and high profitability…
Subscribe Free by Filling the TRIAL FORM...
