Oral care, pharmaceutical and confectionary companies including Colgate Palmolive , Procter and Gamble and Mars Wrigleys are likely to increase the purchase of mentha oil in the coming quarter which will take exports close to pre-Covid levels, companies and trade bodies said. India is the largest producer and exporter of mentha oil and its derivatives.
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After gaining almost +10% this year, we expect EURUSD to strengthen further in 2021. While Eurozone continues to struggle with slow recovery and subdued inflation, the broad-based weakness in US dollar is anticipated to support the pair. As we mentioned in the previous report, we are bearish over US dollar due to dissipation of yield
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Silver prices on Wednesday rose by Rs 243 to Rs 68,340 per kg in futures trade as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 243, or 0.36 per cent, to Rs 68,340 per kg in 13,967 lots. Analysts said the rise
Dollar remains the worst performing one for today, after earlier downside breakout. Though, selling focus has shifted away from Euro. Currently, Australian Dollar an Sterling are the strongest one, followed by New Zealand Dollar. But Yen buying is accelerating in early US session. It’s unsure who will end up as the best performer for the
Comments by UK health secretary, Matt Hancock We’ll see about that. As the vaccines are being rolled out, it is easy for lawmakers to talk things up right now but delivering on those expectations will be another matter. In fact, the UK government has done a rather poor job on that front throughout the whole
Gold futures fell by 0.13 per cent to Rs 49,976 per 10 gram on Wednesday as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for February delivery declined Rs 63, or 0.13 per cent, to Rs 49,976 per 10 gram in a business turnover of 10,074 lots. In
Dollar’s selloff picked up again as year end approaches. While US stocks took a breath overnight, Asia markets ex-Japan is enjoying some solid buying for now. While Euro is strong against Dollar, it’s mixed against other European majors. Meanwhile, Canadian Dollar is clearly lagging behind Aussie and Kiwi in the current risk-on buying. Gold and
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Decks have been cleared for trading of synthetic diamonds at the Bharat Diamond Bourse (BDB), the country’s largest diamond trading hub. BDB members at the bourse’s annual general meeting held Monday voted to lift the ban imposed four years ago at an AGM. The ban was imposed “to protect “ the natural diamond trade ,
Euro’s rally is a focus in rather quiet markets today. Clearance of no-deal Brexit risk was a positive for the common currency. There’s additional boost from rumors that a EU-China investment deal is likely this week. However, we’d like to point out that European Commission formally (in a statement) criticized China’s “torture” and “ill-treatment” of
Will Republicans keep hold of the Senate or can Democrats seize control? The two runoff elections will take place on 5 January next year i.e. next Tuesday, with plenty on the line in determining how US politics will shape up under Biden’s administration over the coming year(s). As things stand, Republicans hold 50 seats and
By Stephanie Kelly and Devika Krishna Kumar NEW YORK: This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility. In April, US crude plunged deep into negative territory and Brent dropped below $20
Dollar turns softer again in Asian session today as markets are back in full risk on mode. Following the record runs in US, Nikkei is also hitting new 30-year high. Yen is following as second weakest for now. However, risk appetite is not clearly seen elsewhere. Australian and Canadian Dollars are just mixed. Sterling struggled
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Gold prices pared gains on Monday as the dollar recovered losses and stock markets rallied after U.S. President Donald Trump signed a long-awaited pandemic aid bill, while liquidity remained low on account of the holiday season. Spot gold was little changed at $1,877.20 per ounce by 1301 GMT, having earlier risen as high as $1,900.04
Global stock markets are lifted by US fiscal stimulus as well as Brexit trade deal. S&P 500 and NASDAQ are set to extend recent record runs, as indicated by futures. Though, the movements in the forex markets are relatively subdued. Sterling is paring some of last week’s gains, after failing to break through near term
Gove building up further optimism going into the new year The UK is widely expected to approve the AstraZeneca/Oxford vaccine in the coming days, with the rollout then set to begin in the first week of January. The announcement is expected some time this week, as early as tomorrow so watch out for that. While