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IndiaFX

Dollar closed at 64.6275 against its opening of 64.4500. Dollar in the offshore market pared losses during European trades tracking the movement in spot pair while investors await the release of US GDP data. The spot pair pared losses on buying by nationalised banks including State Bank of India amid month-end dollar demand by oil importers. Dollar snapped two-day rise as dollar lost grounds against other major peers after weaker than expected US economic data and expectations of monetary tightening by other major central banks lowered the demand for dollar. In overseas, dollar continued to drop against basket of major currencies after disappointing US housing data. ......

GlobalFX

Asian shares slumped after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote, while the euro rallied after European Central Bank President Mario Draghi hinted that the ECB could trim its stimulus this year.Gold edged higher on Thursday as the U.S. dollar weakened against other currencies on bets that central banks in Europe were preparing to scale back monetary stimulus, but the bullion's gains were capped by a surge in equities.Crude oil rose for a sixth straight session on Thursday to its highest since June 19 on a decline in U.S. output, but ongoing worries about global oversupply continued to drag.......