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Tuesday, November 17, 2015, Agrahayan 3, 1422 BS, Safar 4, 1437 Hijri

Market Update
Dollar stronger as investors move into safer assets
Observer Analysis
Published :Tuesday, 17 November, 2015,  Time : 12:00 AM  View Count : 18

The US dollar was steady against the Bangladesh taka Monday but rose against the euro and but dropped against Japanese yen and emerging units as global investors moved into assets seen as less risky like the yen in times of uncertainty and turmoil, dealers said.
The dollar remained stable at Tk 77.80 per unit in domestic interbank market Monday as the central bank supported banks with dollar funds to arrest the dollar price at this level to encourage exporters of the country, dealers said.
The volume of transactions of foreign currencies was higher compared to Sunday's volume as the most global foreign exchange markets resumed operations after a -two day weekend holiday. Japanese markets were closed Monday for a holiday.
Meanwhile, the euro fell against its major peers as dealers shifted back to safer investments after the deadly weekend terror attacks in Paris reinforced concerns about the impact on the already struggling eurozone economy.
The dollar rallied against higher-yielding, or riskier, emerging units such as the South Korean won and the Indonesian rupiah.

Editor : Iqbal Sobhan Chowdhury
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