NEW YORK Dec 6 The euro extended its declines against the dollar to trade below $1.30 on Thursday after comments from European Central Bank President Mario Draghi stoked expectations of an interest rate cut.
The euro fell as low as $1.2987 on Reuters data, with losses accelerating after a break below $1.30. It was last at $1.2992, down 0.6 percent on the day.
Against the yen, the euro slid to 107.03 yen, down 0.7 percent on the day.
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article