Nirmal Bang Securities Pvt. Ltd. - Daily Report 160909

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Par 100 posts (V.I.P)
The dollar erased an earlier gain versus the euro and dropped to the
lowest level in 2009 as global equities advanced and traders bought
gold as a hedge against inflation. Higher‐yielding currencies and
riskier assets are in demand as risk appetite returns. The Dollar Index,
which tracks the greenback against the euro, yen, pound, Canadian
dollar, Swiss franc and Swedish krona, traded at 76.506 from 76.520
yesterday. It earlier hit 76.406, the lowest level since September
2008.
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