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1. weekly Forex Report(14 MAY 2012)
Weekly News
 Euro slip as Europe concerns mount.
 JPY slide on weak china data.
 Euro near 3-1/2-month low vs dollar on Greek uncertainty
 INR is staying still near its life time low.
Weekly trends of the market
 The euro The euro slid to a 3-1/2-month low in volatile trade on Friday as political uncertainty
in Greece and hefty losses disclosed by U.S. bank JPMorgan Chase spurred risk aversion. The
euro has dropped against the dollar in eight of 10 sessions for a cumulative 2.4 percent
decline, hit by the turmoil in Greece. Inconclusive election results last Sunday threw the
country into political disarray and raised the risk that it could exit the euro zone and the
European Union. Greek Socialist party leader Evange los Venizelos on Friday said he was
unable to form a government, sending the country hurtling toward a new vote.
 The Indian rupee fell on Friday, posting its longest weekly losing streak since the 2008 global
financial crisis, after data showing a contraction in factory output for March added to worries
about the country's economic outlook. The rupee remains within sight of a record low of
54.30 against the dollar hit in December, having fallen for six consecutive weeks, its longest
losing streak since a string of 11 weekly losses in late 2008.Worries about India's fiscal
challenges and its growth outlook are combining with concerns about foreign outflows,
resulting in a toxic mix.

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WEEKLY CHARTS
USD/INR
EUR/INR
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GBP/INR
JPY/INR
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