Strong dollar drags down Lead futures
08/01/2015 14:46
Lead prices fell by 0.17 per cent on Thursday at the domestic markets as a stronger U.S. dollar boosted by the diverging policy outlook between the Federal Reserve and central banks in Europe and Japan. and concerns that Greece might exit the euro zone hit sentiment.
At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 116.25 per kg, down by 0.17 per cent, after opening at Rs 116.80, against a previous close of Rs 116.45. It touched an intra-day low of Rs 115.95 till the trading. (At 2.40 PM today).
Sentiment weakened further as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
08/01/2015 14:46
Lead prices fell by 0.17 per cent on Thursday at the domestic markets as a stronger U.S. dollar boosted by the diverging policy outlook between the Federal Reserve and central banks in Europe and Japan. and concerns that Greece might exit the euro zone hit sentiment.
At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 116.25 per kg, down by 0.17 per cent, after opening at Rs 116.80, against a previous close of Rs 116.45. It touched an intra-day low of Rs 115.95 till the trading. (At 2.40 PM today).
Sentiment weakened further as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
