21 Sep 2018 | 8:39 AM
Research Report

Currency Research Report: Daily Forex and IRF Report

The Indian rupee declined to near an over two-week low against the U.S. dollar as weaker-than-expected Chinese economic data and geopolitical tensions in the Middle East hurt global risk appetite. Markit's Eurozone manufacturing PMI edged up to 53.2 from 53.1 in November, as the ECB's unprecedented stimulus reached companies and households. Manufacturing in the Eurozone accelerated at the fastest pace in 20 months in December, with every country clocking in output growth and job creation China's official manufacturing Purchasing Managers' Index (PMI), a measure of factory activity, stood at 49.7 in December, in line with market expectations. On the other hand, the official non-manufacturing PMI was up 54.4, from November's reading of 53.6.
05 Jan 2016 | 09:14 AM