Friday, July 23, 2010

Currency market update

The USDINR pair is expected to open lower tracking advances in global shares on Thursday overnight. Local shares are expected to stay higher with the SGX NIFTY is currently up by 30 points. Asian shares were firm with the NIKKEI and Hang Seng is up by 1.75% and 1.15% respectively. The DJIA future is currently up by 9 points. The US dollar index is down by 0.02% at 82.58, posted a low of 82.46 yesterday overnight.Outlook: The USDINR pair is expected to open lower tracking advances in global shares on Thursday overnight. Local shares are expected to stay higher with the SGX NIFTY is currently up by 30 points. Asian shares were firm with the NIKKEI and Hang Seng is up by 1.75% and 1.15% respectively. The DJIA future is currently up by 9 points. The US dollar index is down by 0.02% at 82.58, posted a low of 82.46 yesterday overnight.

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