Currency Market Headlines
1) India’s rupee rose, snapping two days of losses, on speculation exporters repatriated earnings to take advantage of the currency’s drop to a seven-week low.
2) Gold fell from a three-week high in New York on speculation the U.S. Federal Reserve will ease monetary stimulus after a two-day policy meeting that starts today. Silver also declined.
3) The pound fell for the first time in five days against the dollar after U.K. inflation dropped to its lowest rate in 4 1/2 years in May, damping speculation the Bank of England will raise interest rates sooner than forecast.
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
1) India’s rupee rose, snapping two days of losses, on speculation exporters repatriated earnings to take advantage of the currency’s drop to a seven-week low.
2) Gold fell from a three-week high in New York on speculation the U.S. Federal Reserve will ease monetary stimulus after a two-day policy meeting that starts today. Silver also declined.
3) The pound fell for the first time in five days against the dollar after U.K. inflation dropped to its lowest rate in 4 1/2 years in May, damping speculation the Bank of England will raise interest rates sooner than forecast.
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
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