Tuesday, December 8, 2015, Agrahayan 24, 1422 BS, Safar 25, 1437 Hijri

Market Update
US dollar gains more against major currencies
Observer Analysis
Published :Tuesday, 8 December, 2015,  Time : 12:00 AM  View Count : 14

The US dollar was kept steady against the Bangladesh taka on Monday when it rose against major currencies as strong US jobs data cleared, what analysts said, may be the final hurdle to the first Federal Reserve interest rate hike in nearly a decade.
Official data Friday showed more than 200,000 new jobs were created in the United States in November, reinforcing the view that the world's top economy was in recovery. The Fed is widely expected to announce its first rate hike since 2006 at a policy meeting next week.
The dollar traded at Tk 78.22 and Tk 78.27 per unit in line with its previous week's closings, dealers of different commercial banks said.
Some dealers said the local currency -the taka should have been lost some points against the dollar. But it was kept stable as central bank made market interventions to encourage exporters and remittance earners. 
The volume of foreign currency transactions on Monday as trading resumed after a long three day holidays- Friday and Saturday in domestic market and also Sunday in world markets.
Sonali Bank, Janata Bank, United Commercial Bank, Islami Bank  Bangladesh Limited, Agrani Bank, Mutual Trust Bank, Prime Bank, Citi Bank, HSBC,  and NCC Bank  remained very active in foreign exchange transactions, central bank sources said.

Editor : Iqbal Sobhan Chowdhury
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