Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTTN: US Dollar Higher Against Most South East Asian Currencies
 
In early trading on Monday, the US dollar climbed to a new multi-year high versus its Taiwan counterpart. The greenback also edged up against the Singapore dollar and rose to an 8-week high. Against the currencies of Malaysia, South Korean, China and Philippines, the greenback climbed to a new multi-day highs.

Meanwhile, the dollar bounced back from a 4-day low versus the Indian rupee and pared the early gains against the Thai baht.

In trading against its Taiwan counterpart, the US dollar jumped to a new multi-year high during Monday's early Asian session. At about 8:10 pm ET, the dollar reached 33.8145 against the Taiwan currency, compared to last week's closing value of 33.750. The next upside target level for the pair is seen around the 34.183 level.

In early Asian deals on Monday, the greenback climbed against its Singapore counterpart. The US currency rose to an 8-week high of 1.5172 against the Singapore dollar by 9:35 pm ET Sunday, compared to Friday's close of 1.5099. The next upside target level for the buck is seen around the 1.53 level. Currently, the pair is trading near 1.5157.

The US currency edged up against its Malaysian counterpart on Monday morning in Asia. The dollar reached a 5-day high of 3.617 against the ringgit by 7:00 pm ET Sunday. The dollar-ringgit pair closed Friday's deals at 3.6075. On the upside, the dollar may find resistance near the 3.629 level.

Malaysia's Kuala Lumpur Composite Index will be closed today in observance of the Federal Territory Day holiday. The KLCI will re-open on Tuesday.

Monday morning in Asia, the dollar gained ground against the South Korean won. The pair strengthened to a 5-day high of 1396.35 by 7:05 pm ET Sunday, compared to hit 1380.30 late Friday in New York. Since then the pair has been seeing uncertainty in direction and is now worth 1392.35. If the dollar moves further upwards, it may likely to target near the 1400.0 level.

The US dollar spiked higher against its Chinese counterpart during Monday's early Asian session. At about 8:50 pm ET, the dollar reached a 10-day high of 6.8542 against the yuan, compared to Friday's closing value of 6.8360. On the upside the dollar may likely find resistance near the 6.8600 level.

People's Bank of China today set the central parity rate for the dollar-yuan pair at 6.8397.

The US dollar bounced back against the Indian rupee after falling to a 4-day low of 48.4450 during Monday's early Asian session. At about 11:10 pm ET, the pair climbed to 49.1250, compared to 48.8250 hit late Friday in New York. As of now, the pair is trading at 49.05.
Source