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Dollar edges lower vs Euro, franc |
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The US dollar edged down against the European currency and the Swiss franc during early deals on Friday.
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The dollar was quoted at 1.4898 against the euro and 1.0153 versus the franc, compared to Thursday's closing values of 1.4873 and 1.0164 respectively
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| Technical Calls |
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Refined Soy Oil gains globally |
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Refined soy oil futures are expected to trade lower on weak overseas market owing to bio-diesel subsidy is not passed in the US senate (for short term). |
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Mustard Seed may go up |
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Mustard Seed prices are expected to trade slightly higher on higher prices of other oilseeds and lower production estimates of mustard seeds. |
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Soybean gains on short covering |
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Soybean prices are expected to bounce back due to short coverings and firm international prices in the intraday but bearish fundamentals may cap the upside. |
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India's Multi Commodity Exchange (MCX) has taken off 12 members of the Bombay Bullion Association (BBA) from the square-off mode after a meeting with BBA executives. |
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India’s Multi Commodity Exchange (MCX) has put 12 members of the Bombay Bullion Association on the square-off mode, citing failure in fulfilling certain norms. |
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Mentha oil futures garnered moderate gains on the MCX counter Wednesday owing to persistent buying due to the firm spot market sentiments. |
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