Investing in Currencies

NEW YORK - The currency pair experienced a slight recovery today, halting its six-day downward trend amid a broader sell-off of the and increased buying interest in the Japanese yen. The pair had reached a multi-week low since November 14 but found some support in the mid-1.0700s. This rebound comes despite expectations that weaker equity markets may limit the US dollar's losses and cap gains for the euro.The market's anticipation of a potential shift in the European Central Bank's (ECB) monetary policy influenced the euro's movement. Comments made on Tuesday...

Mumbai, Dec 6 (IANS) The rupee appreciated 5 paise to close at 83.32 against the US dollar on Wednesday as more foreign funds flowed into the Indian stock markets which have shot up to lifetime highs. However, funds flowing into the stock markets are considered "hot money" and can exit at short notice. Market analysts are, therefore, cautious on how much the rupee will gain ahead. Much will also depend on oil prices. The , which gauges the American currency's strength against a basket of six currencies, was also trading...