USD depreciates against Euro by 0.17% last week - HDFC Securities

The USD depreciated against the Euro by 0.17% for the week ended 21st December 2012. The euro rose to its highest point against the dollar in eight months Wednesday as German business confidence increased more than expected. The euro rose to its highest point against the dollar since April 3, 2012.

The USD appreciated against the Japanese yen by 0.88% for the week ended 21st December 2012. The yen fell against the dollar, the longest streak in nine months, after the nation's central bank said it would review its inflation target after a pro-stimulus government was elected. The yen fell to its weakest level versus the dollar since April 2011 after Shinzo Abe's Liberal Democratic Party swept back to power in Sunday's election, giving him a chance to act on pledges of expanded fiscal and monetary stimulus.

The USD closed flat against the Pound for the week ended 21st December 2012.

The US dollar appreciated against the rupee by 1.28% for the week ended 21st December 2012. The rupee dipped after three weeks to close at 55.09 against the dollar due to sustained demand for the US currency from importers to meet their month-end requirements, amid renewed concerns over the US budget issue. The rupee lost due to fresh demand for the US currency from oil importers, amid some weakness in the local equities.

Source : Equity Bulls

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