Published on 9/01/2018 8:56:50 AM | Source: Kedia Commodity Ltd

JPYINR trading range for the day is 55.98-56.49 - Kedia

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


* USDINR trading range for the day is 63.28-63.81.

* Rupee snapped two-day gains on selling by importers amid strong and on caution before India's retail inflation figures for the month of December due later this week.

* The Indian government said it expects economic growth to slow down to 6.5 percent in the fiscal year ending in March from 7.1 percent a year earlier.

* The official pointed out that economic activity has been picking up over the last three quarters and can be expected to strengthen in the coming period.



* EURINR trading range for the day is 76.16-76.65.

* Euro dropped as the dollar inched higher as data showing slower U.S. jobs growth did little to dent expectations for further Fed’s interest rate increases this year.

* Speculators trading currency futures increased their net long positions in the euro to a record high of 127,868 contracts in the week ended Jan. 2.

*Eurozone inflation eased slightly as expected at the end of 2017 on slower growth in energy prices.



* GBPINR trading range for the day is 85.91-86.38.

* GBP traded in range with traders keen to see new developments on Brexit negotiations before taking new positions on the British currency.

* Numbers showed Britain’s economic productivity rose at its fastest rate in more than six years in the three months to Sept. 30.

* UK labor productivity increased at the fastest pace in more than six years in the third quarter, the Office for National Statistics said.



* JPYINR trading range for the day is 55.98-56.49.

* JPY traded in range as the dollar edged slightly higher after briefly dipping following a weaker-than-expected U.S. nonfarm payrolls report for December.

* The services sector in Japan continued to expand in December, although at a marginally slower rate, the latest survey from Nikkei revealed.

* The monetary base in Japan was up 11.2 percent on year in December, the Bank of Japan said - coming in at 474.126 billion yen.

Views express by all participants are for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer