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Published on 13/04/2018 9:00:30 AM | Source: Kedia Commodity Ltd

JPYINR trading range for the day is 60.76-61.47- Kedia

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

USDINR

# USDINR trading range for the day is 65.21-65.61.

# Rupee ended with little changed on demand from oil importers, likely overseas fund inflows into local stocks and dollar selling by the Reserve Bank of India.

# investors sentiment got a boost from Fed’s minutes, which showed officials expressed great confidence of US inflation accelerating.

# Few Federal Open Market Committee members seemed to be in favour of higher interest rates.

EURINR

# EURINR trading range for the day is 80.4-81.23.

# Euro remained under pressure after euro zone industrial production was much weaker than expected in February.

# Industrial production in the 19 countries sharing the euro fell 0.8 percent month-on-month for a 2.9 percent year-on-year rise.

# France manufacturing confidence deteriorated in March, survey data from Bank of France showed.

GBPINR

# GBPINR trading range for the day is 92.44-93.12.

# GBP traded in range amid expectations that BOE will raise rates in May and hawkish comments by policymaker Ian McCafferty offered further encouragement.

# Growing expectations of an interest rate increase next month and a recent agreement on a transition deal for when Britain quits the EU next year.

# British manufacturing output fell unexpectedly in February, its first drop in almost a year, that added to signs that the economy may have slowed in the first quarter.

JPYINR

# JPYINR trading range for the day is 60.76-61.47.

# JPY traded in range as concerns over possible Western military action against Syria lent support to the safe-haven Japanese currency.

# Many companies in the western Japan region of Kansai will not see their profits hit hard at current dollar/yen levels around 105.

# The dollar has since lost momentum against the yen, however, as focus has shifted to the possibility of wider military conflict in the Middle East.

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