Daily

Daily Currency Market Update:


HIGHLIGHTS:

The dollar was little changed against other major counterparts on Wednesday, as optimism sparked by the vote of a major U.S. tax reform plan began to fade as traders were waiting for the bill to be finalized and amid other U.S. political concerns. Sentiment on the greenback weakened due to the possibility of a U.S. government shutdown if lawmakers fail to reach a budget agreement this week. Government funding is set to expire Friday. The U.S. dollar was initially boosted after the U.S. Senate passed a tax overhaul package over the weekend amid expectations that tax cuts for corporations will stimulate the U.S. economy. Some investors also believe the boost to the economy will prompt the Federal Reserve to raise interest rates at a faster pace. Republicans are aiming to send a final tax bill to the White House before Christmas, with the House and Senate working to reconcile separate versions of the plan. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 93.30 by 05:15 a.m. ET (09:15 GMT).

Tags: Technical


Search Reports

SEARCH

Open an account

OPEN AN ACCOUNT

Reports

HDFC BANK

INTRADAY CALL: BUY...

Read More

Daily Market Update...

On 14/12/2017 markets opened...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: Maharashtra's...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: India's...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: The dollar held...

Read More

SAIL

POSITIONAL CALL: BUY...

Read More

Brigade Enterprises

Company Overview: Brigade...

Read More

Tata Motors

Company Overview Tata Motors...

Read More

BRIGADE

POSITIONAL CALL: BUY BRIGADE...

Read More

MAHLIFE

POSITIONAL CALL: BUY MAHLIFE...

Read More

Subscribe to newsletter

Request a call back

DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.