Thursday, 17 May 2018

Good Morning!

Dollar index edged higher on the back of continued yield surge. US 10 year treasury yields were seen quoting at 3.1% today morning, its highest level since July 2011.

Euro continued to tumble and extended its losses to five month low amid concerns over political developments in Italy.

Asian shares are trading flat this morning. Oil prices raised yesterday after an inventory report showed U.S. crude and gasoline stocks fell more than expected.

Indian unit expected to open near 67.76 a dollar and likely to consolidate between 67.55 - 67.96.

Regards,
Karvy Forex

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