Published on 17/03/2017 9:11:22 AM | Source: Kedia Commodity Ltd

EURINR trading range for the day is 70-70.59 - Kedia

Posted in Currency Report | #Kedia Commodity Ltd #Currency Tips


USDINR

*USDINR trading range for the day is 65.18-65.79.

*Rupee rose to its strongest level in nearly 17-months after the Fed raised interest rates as expected but signalled no pick-up in the pace of tightening.

*India's wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data showed.

*The partially convertible rupee hit as much as 65.2250 per dollar, its strongest since Oct. 30, 2015. It was last trading at 65.32/33 compared to its 65.71/72 close.

               

 

EURINR                

*EURINR trading range for the day is 70-70.59.

*Euro remained supported after Dutch election exit polls pointed to a comfortable win by the prime minister over his far-right rival.

*The common currency was boosted as exit polls showed the Netherlands' center-right Prime Minister Mark Rutte roundly saw off a challenge by anti-Islam.

*Germany's economic growth likely accelerated in the first quarter, building on the revival seen in the final three months of 2016.

               

               

GBPINR

*GBPINR trading range for the day is 80-80.76.

*GBP remained in the range as prices managed to pull away from lows on fears of prolonged political jousting over Brexit terms.

*BOE and SNB are due to make policy decisions later in the day, with both central banks expected to stand pat on monetary policy.

*The UK jobless rate declined to the lowest since 1975 at the start of the year as companies hired more staff amid robust economic activity.

               

               

JPYINR

*JPYINR trading range for the day is 57.43-58.23.

*JPY gained after the Bank of Japan stood pat on monetary policy and kept the 10-year government bond yield target of around zero percent.

*BoJ: Japan economy continued moderate recovery trend, BoJ economic assessment unchanged from last meeting.

*Japan's industrial production declined less than initially estimated in January, latest figures from the Ministry of Economy, Trade and Industry showed.

 

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