Published on 13/03/2018 9:34:03 AM | Source: Kedia Commodity Ltd

JPYINR trading range for the day is 60.98-61.34 - Kedia Commodity

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


* USDINR trading range for the day is 65.01-65.26.

* Rupee appreciated on likely inflows into local stocks amid weakness in dollar and on hopes of lower-than-expected inflation prints.

* The dollar weakened as the US wage growth was lower than expected despite sharp acceleration in the jobs creation.

* Investors said that the weaker wage growth numbers undermine the case for the Federal Reserve to raise rates at a faster pace this year.              


* EURINR trading range for the day is 80.04-80.61.

* Euro traded in range as the dollar held firm on news of higher-than-expected U.S. jobs growth in February.

* European Central Bank President Mario Draghi said that regional inflation remained subdued and rising protectionism was a risk.

* Spain's industrial production grew at a much slower pace in January, the statistical office INE said.              


* GBPINR trading range for the day is 90.1-90.54.

* GBP remained in range after British industrial production data showed the UK’s manufacturing sector continues to expand, albeit slowly.

* Markets wait to get more clarity on Britain’s Brexit negotiations with the European Union.

* British Finance Minister Philip Hammond gives his half-yearly update on the economy, known as the spring statement.              


* JPYINR trading range for the day is 60.98-61.34.

* JPY dropped as sentiment risks recede, BOJ forcefully pushing back against stimulus unwinding speculation.

* Japan's Finance Minister Taro Aso: US tariffs will disturb global steel and aluminum markets, will take necessary action in WTO on tariffs

* Japan's Minister of Economy Seko: Says US tariffs decision 'extremely regrettable', will consider necessary steps within WTO framework.

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