Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (May 06, 2007).
Thus, local currency incurred a loss of 0/04 paisas against greenback in the kerb. On the international desk, the dollar fell to within a cent of the all-time low against the euro and dropped versus the yen after a government report showed U.S. employers added the fewest jobs in more than two years.
Thus, rupee posted a loss of 0/25 paisas against euro in the open market dealings. On the international desks, the euro bounced off trendline support at 1.3637 and edged up slightly higher heading into the payrolls report. Euro zone data included on-manufacturing PMI and retail sales. The PMI reading was slightly softer than forecast at 57.2, and down from 57.4 from March.