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Published on 17/04/2018 9:31:46 AM | Source: Kedia Commodity Ltd

EURINR trading range for the day is 80.36-81.45 - Kedia Commodity

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


* USDINR trading range for the day is 65.29-65.71.

* Rupee dropped on buying by oil importers and on fears on-going conflict in the Middle-East may push oil prices higher

* India’s annual wholesale price inflation slightly eased in March, helped by a fall in food prices, government data showed.

* Annual wholesale price inflation last month eased to 2.47 percent from a year earlier, a shade lower than a provisional 2.48 percent rise in February.              


* EURINR trading range for the day is 80.36-81.45.

* Euro dropped as the dollar slipped lower as markets assessed the fallout from U.S.-led missile strikes on Syria.

* The euro area trade surplus increased in February as the decline in imports was bigger than the fall in exports, Eurostat reported.

* Germany's consumer price inflation accelerated in March, as initially estimated, final data from Destatis showed.              


* GBPINR trading range for the day is 93.01-94.19.

* GBP remained supported amid mounting geopolitical tensions and U.S.-China trade talks.

* Expectations of a rate rise from the Bank of England have been a major driver of sterling’s gains in recent days.

* A raft of British economic data including crucial numbers on the state of the labour market are due.              


* JPYINR trading range for the day is 60.75-61.39.

* JPY gained as the dollar dipped as markets weighed the impact of strikes on Syria by the United States and its allies at the weekend.

* The Bank of Japan mostly held an optimistic view on regional economies, in a sign of its conviction over a broadening recovery.

* BOJ Governor Haruhiko Kuroda stressed his resolve to maintain the central bank’s massive stimulus program to achieve his elusive 2 percent inflation target.

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