Dollar is closed at 66.7500 against its opening at 66.8800. Dollar extended fall during afternoon trades as foreign banks and exporters offloaded their dollar holdings taking advantage of the sharp rally in spot pair. Investors await the release of European Central Bank monetary policy decision due later today. The rising US bond yields and surging global oil prices may trigger an appreciation in spot. The greenback rallied to fourteen-week high against its major peers tracking the jump in government bond yields, making it more expensive for investors to bet against the dollar while wagering on currencies such as the euro.
European Central Bank will announce its monetary policy later today. Indian shares open flat-to-lower Thursday tracking weak global, rising US bond yields and as investors weighed the strength of corporate earnings. Asian shares traded mixed as investors await European Central Bank's monetary policy decision due later today.
Sensex provisionally ends 200 points higher with 19 components in the green.
INTERNATIONAL
Asian stocks rose as robust corporate earnings helped Wall Street quell concerns about the surge in U.S. bond yields, while the dollar hovered near 3-1/2-month highs against a basket of currencies.
Oil prices rose morning in Asia, triggered by an expectation that the U.S. will re-impose sanctions against Iran.
Cryptocurrency prices are down on Thursday. Reports that Nasdaq’s CEO voiced support for the digital coins gathered some attention. Meanwhile, U.S. state Wisconsin is considering accepting for donation.
Gold prices rose on Thursday morning as the dollar retreated across the board in Asia despite the rising 10-year U.S. treasury yields.