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2006-12-13 00:00:00 |
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Copper futures in red at MCX
MUMBAI (Commodity Online) -- Copper futures on the MCX are trading in red right now after opening marginally higher today. LME Copper dipped today after gaining by about 2% yesterday. Continued... |
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MCX Comdex was down by 0.01% to 2689.15, MCX Energy was down by 0.83% to 2682.40 and MCX Metal was up by 1.23% to 3249.78. |
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Turmeric futures moved sharply up Friday on the back of lower stock piles and higher demand in the spot market. |
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Gold futures in the domestic exchange witnessed a decline Friday in tandem with weak global market sentiments driven by strength in the US dollar. |
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| FOREX Reports |
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Outlook : Major currencies vs dollar |
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Fall below 1.3640, though a bearish sign, still holds hope for a rise towards 1.3855or even higher. Crucial support is at 1.3530 and as long as this level remains undisturbed, we favor a rise again towards 1.3800 or even higher. Fall below 1.3520 will force us to abandon our bullish view. |
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US automakers against Yen, Won depreciation |
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.S. automakers urged Congress to challenge Japan and South Korea on the issue of currency devaluation, which influences export prices. South Korea has recently made moves to depreciate the value of the won, while Japanese officials said they were prepared to keep the yen from appreciating |
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Asian currencies fall vs dollar |
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South Korea’s won and the Taiwan dollar dropped Thursday on speculation central banks will seek to limit appreciation that may hurt exports. |
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