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Kiwi dollar ends lower |
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The kiwi dollar weakened to a 10-day low Friday after the dollar rose overnight.
At close, the NZ dollar was buying 62.98c, having dipped to 62.59c, its lowest since June 23, from 63.79c at close Thursday.
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The dollar rose against major currencies after bleak US jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal.
At the local close today the NZ dollar was down to 60.45 yen from 61.60 at close Thursday and down to 0.4505 euro from 0.4517.
Against the Australian dollar, the NZ dollar dropped to a 2-1/2-week low around A78.70c overnight before improving to A79.07c at close from A79.30c Thursday. The trade weighted index fell to 59.66 from 60.16 Thursday.
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| Technical Calls |
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Gold price under downside pressure |
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Gold is feeling downside pressure from bearishly postured "outside markets" early Monday--a firmer U.S. dollar against the other major currencies and weaker crude oil futures prices. |
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Gold under pressure, copper, Oil falls on dollar gains |
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Spot Gold prices continued to remain under pressure till 4.15 pm IST today as the strength in the dollar made the yellow metal look unattractive as an alternative investment for holders of other currencies. |
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Gold likely to rally further & dollar drop away |
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Gold has not broken down as yet from this potential Head-and-Shoulders top just as the dollar has not quite broken out yet to commence another strong upleg, although these developments are now looking increasingly probable - but until they happen the |
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Refined soy oil futures are trading down at the NCDEX counter on Monday due to the absence of fresh cues from global markets. |
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Gold futures in the domestic exchange are seen dwindling in the early moves on Monday due to the monetary measures taken by Reserve Bank of India and the continued rally of US dollar. |
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Chilli futures went down further on Monday due to weak fundamentals such as lower demand and the higher supply in the domestic spot market. |
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