Paring all previous losses, the rupee today gained 53 paise to close at 50.87/88 against the US dollar as the stock market recovered, following government's assurance that it will not tax equity investments through participatory notes (P-Notes). Besides,

The Euro was higher against the Swiss Franc on Friday. EUR/CHF was trading at 1.2054, up 0.01% at time of writing. The pair was likely to find support at 1.2045, Thursday’s low, and resistance at 1.2070, Tuesday’s high. Meanwhile, the Euro was up against

The euro rose against the dollar and the yen on Friday as Spain's budget boosted hopes one of the euro zone's larger economies would tighten its belt even though long-term worries about the region's growth could cap the currency's gains. Spain presented

The yen rose against the dollar and euro as concern the rate of global economic growth is slowing spurred demand for safer assets as the nation approaches its fiscal year end. The Japanese currency strengthened against the majority its 16 major

The euro remained lower against the U.S. dollar on Thursday, after official data showed that U.S. jobless claims fell last week, as concerns over Spain weighed ahead of the government budget on Friday. EUR/USD hit 1.3253 during European afternoon trade,

The yen rose Wednesday, reversing much of the previous session's declines as a combination of safe-harbor buying and Japanese repatriation flows supported the currency. Investors nervous about global growth recoiled from a sharp slump in China's stock

The euro was up against the U.S. dollar on Wednesday, re-approaching a one-month high after upbeat comments from the Italian prime minister, while investors looked ahead to a meeting of euro zone finance ministers on Friday. EUR/USD hit 1.3359 during

The market pressured the AUD/USD back below 1.0400 ground to retest the 200-day moving average, lying at 1.0396. The AUD is one of the currencies most affected by global growth concerns. Also, the expected RBA easing monetary policy and the strengthening

The U.S. dollar was almost unchanged against the Swiss franc on Tuesday, trading close to a one-month low after comments by Federal Reserve Chairman Ben Bernanke added to expectations for a fresh round of easing by the central bank. USD/CHF hit 0.9017

The yen was a shade stronger across the board on Thursday but could come under renewed pressure as buying linked to Japan's financial year-end is set to peak out this week. The last day for spot trading in the business year to March 31 was on Wednesday,

Danske Bank analysts observe that the ECB’s actions in late 2011 to stop the credit contraction have successfully prevented an eventual credit crunch. Deteriorating economic outlook, increased uncertainty and in particular new regulatory requirements for

Worries over a slowdown in China continued to weigh on the commodity-linked currencies of Australia, New Zealand and Canada in European trading Wednesday while a downward revision of U.K. economic growth gave sterling a brief scare. The Australian dollar

Chinese banks bought a net $4.4 billion in foreign exchange from their customers in over-the-counter transactions in February, down from $19.4 billion in January, the State Administration of Foreign Exchange (SAFE) said on Wednesday.

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