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Published on 19/11/2019 10:09:52 AM | Source: Kedia Commodity Ltd

Technical Currency Outlook 19 November 2019 - USD, EUR, GBP, JPY by Kedia Commodity

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

USDINR

* USDINR trading range for the day is 71.54-72.1

* Rupee traded in range amid a narrower trade deficit from October on the domestic front and a rate cut by China's central bank.

* India has depended on monetary policy to support its economy growing at its slowest pace in six years

* Finance Minister in Lok Sabha says Govt is plans to meet fiscal deficit target of 3.3%

 

EURINR

* EURINR trading range for the day is 79.2-79.77.

* Euro traded in range as traders looked to whether Washington and Beijing can soon sign off on a deal to end a trade war

* Eurozone's inflation slowed in October to its lowest level in nearly three years, latest data from the Eurostat confirmed.

* The euro area trade surplus declined in September on higher imports, data from Eurostat showed.

 

GBPINR

* GBPINR trading range for the day is 92.36-93.7.

* GBP gained as Brexit Party candidates stood down from over 40 seats not held by the Conservative Party

* United Kingdom outlook downgraded to negative from stable by Moody's

* UK retail sales decreased in October as a now-delayed Brexit deadline approached, defying expectations for an increase

 

JPYINR

* JPYINR trading range for the day is 65.74-66.18

* JPY remained under pressure amid optimism that US and China may soon end their trade war.

* BOJ policymakers in October debated whether extra easing measures should be taken in case momentum toward achieving inflation target is lost.

* Japan's industrial production grew more than initially estimated in September, final data from the Ministry of Economy, Trade and Industry showed.

 

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