(Adds details on dollar-yen, updated rates.) The U.S. dollar bounced back against the euro and the yen in Asia Monday, in a technical correction after sustained losses in recent days, but should remain in tight ranges ahead of key events later this week. With many large Asian markets closed for holidays, including Japan, Singapore and India, the dollar was well-supported in low-volume trade, as …
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FXstreet.com (Barcelona) – Pound’s decline from September 10 high at 1.6740 has found support, so far, at 1.6160 level, where the upward trending support line from Jul 8 low lies, and the pair bounced to levels right below 1.620 at the moment of writing.
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The dollar edges higher to break its multi-year record trend and a pound sell off weighs GBPUSD.
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In a bid to broad-base the currency derivatives market, capital market regulator Securities and Exchange Board of India (Sebi) is looking at including more market participants in forex futures trading.
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