"Dollar index monthly chart shows completion of harmonic pattern which is bearish in nature. The minimum target of 89 opens up till the time index trades below 110. Bearish observations on the dollar index support our bullish view on emerging equity for the next few months," says Edelweiss Broking's research head Vinay Khattar.
Alkyl Amines Chemicals Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 16288.37 Crore) operating in Chemicals sector.
The dollar continued its decline, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes.