Open: London Session | Forex, Metals, Oil, Agriculture August 26, 2021

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Currencies

Kevin Cook was a high-frequency institutional currency trader for nine years, starting with the introduction of the euro currency in 1999. The Indian rupee appreciated 13 paise to 74.11 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities. At the interbank foreign exchange, the rupee opened at 74.22 against the dollar, then surged higher to 74.11, up 13 paise over its previous close. The blue line goes a step further and adjusts for inflation based on the Producer Price Index for All Commodities, chained in today’s dollar value.
On Wednesday, the rupee had settled at 74.24 against the US dollar.

Oil

Global oil benchmark Brent crude futures fell 0.48 per cent to USD 71.90 per barrel. Brent crude fell 0.43 per cent to $71.93 per barrel. U.S. crude dipped 0.59 per cent to $67.96 a barrel.

United States

Even within large-cap tech, a ratio of the Nasdaq 100 to the Nasdaq 100 equal weighted index has been trending higher with higher lows throughout this year. The Nasdaq 100, which includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq, also rose to a fresh high on Wednesday, tagging 15369. The Nasdaq Composite posted a fresh high on Wednesday, ticking 15059, with a mini breakout on Monday. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite closed firm with marginal gains.
As things stand, the heavy-weights within the Nasdaq 100 continue to lead.

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