Wednesday, February 10, 07:29 am IST
| Feedback
Moneycontrol » News Center » Markets » Local Markets

Want more about Markets to land in your mailbox?

Set an alert here

US dollar rebounds from 15-month low

Published on Wed, Nov 18, 2009 at 08:35   |  Updated at Wed, Nov 18, 2009 at 09:41  |  Source : CNBC-TV18

The US dollar rebounded from a 15-month low on Tuesday after Ben Bernanke's rare comments on the currency spurred traders to trim long-term bets against the greenback. The dollar index is currently trading above the 75 mark.

Oil prices rose more than 1% to above USD 79 a barrel on forecasts that a government report will show US fuel inventories declined last week. It is currently trading at USD 79.7/bbl.

Copper fell nearly 1% after dollar rebounded. In other metals, Nickel lost 0.6% while Zinc was down almost 2%.

By Manisha Gupta, Commodities Editor at CNBC-TV18

Gold

Gold made a record high at $1143.95/ounce.

Base metals

Base metals were mostly firm on soft dollar and strong sentiment. Copper ended at 13-month high, which was up 1% at $6787/tonne. Chile strike entered 36th day and LME stocks were up for 18th week.

Aluminium was up 0.3% at $2037/tonne while Nickel was down 0.6% at $16701/tonne; Zinc down 1.7%; lead down 1.6% and Tin down 1.3%.

Crude

Crude gained for third day and settled up 0.6% at $79.58/bbl. API showed crude inventories down to 333.1 million barrels. OPEC will meet in Angola on December 22.

What's your Opinion

CEO Wall See All

Harsh Manglik

Harsh Manglik

Chairman

Accenture India

Accenture India to hire aggressively for select verticals

Vishal Doshi

Vishal Doshi

Managing Director

Shrenju & Company

Shrenuj & Company will project 15% rev rise this yr

MP Taparia

MP Taparia

Chairman

Supreme Petrochemicals

Supreme Petrochemicals expects Rs 2200cr rev in next 1.5yrs

Vineet Nayyar

Vineet Nayyar

Chief Executive Officer

HCL Technologies

HCL Tech plans to merge arms with itself, eyes new spots

WHAT OTHERS LIKE
  • Most Read
  • Most Viewed
24 Hours
7 Days
1 Month
NEWS FROM OUR PARTNERS
©Network 18, 2010. All Rights Reserved