The Euro advanced yesterday amid weakness in the US dollar index - ICICI direct
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Daily Currency Snapshot
• Rupee future maturing on October 27 appreciated marginally yesterday amid a sharp drop in crude oil prices. However, continued weakness in domestic equity markets prevented further upsides
• Dollar Index continued its attempts to settle above the resistance at 113 as demand for safe-haven assets stayed strong
•The Euro advanced yesterday amid weakness in the US dollar index. However, a drop in German 10 year’s bond yields prevented a further upside in the Euro
• The pound appreciated on Tuesday amid stronger-than-expected economic data from Britain. The jobless rate in the UK fell to 3.5% in the three months to August 2022, a new low since 1974, below 3.6% in the previous period and market forecasts of 3.6%
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