Rising crude oil prices, coupled with rising inflationary expectations, particularly in the Euro Zone and the UK, dominated the headspace of Forex investors in the fortnight gone by. Amidst the civil war in Libya and growing protests in Iran, Bahrain, Yemen and Oman, WTI crude touched $106/barrel and Brent crude went up to $ 118/barrel at one stage.
The US dollar reeled under pressure against major currencies through most part of the fortnight. Even a robust non-farm payroll reading failed to lend any significant support to the dollar. Dollar Index, the broad measure of the dollarDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
