KEDIA: EUR ZONE
Flash Manufacturing PMI
Flash Services PMI
KEDIA: EUR ZONE
French Flash Services PMI
French Flash Manufacturing PMI
# JPYINR trading range for the day is 64.85-65.27.
# JPY gained amid weak export figures and fears about the mysterious virus in China.
# Japanese exports for December fell 6.3% in December as compared to a year before, data from country’s Ministry of Finance data showed.
# Japan's leading index fell than initially estimated in November, final data from the Cabinet Office showed.
# GBPINR trading range for the day is 93.02-94.02.
# GBP remained supported as investors debated whether or not the Bank of England would cut interest rates when it meets next week.
# Data showed the British economy created jobs at its strongest rate in nearly a year in the three months to November.
# The U. K. government borrowing for December decreased from a year ago and was less than expected, figures from the Office for National Statistics showed.
# EURINR trading range for the day is 78.85-79.3.
# Euro remained in range as safe-haven demand ebbed along with worries about whether the spread of a flu-like coronavirus would hurt the global economy.
# European Central Bank President Christine Lagarde is set to launch a broad review of its policy that is likely to see her redefine the ECB's main goal and how to achieve it.
# The euro zone's central bank has fallen short of its inflation target of just under 2% for years despite increasingly aggressive stimulus measures
Currency Update as on Friday, January 24, 2020
# USDINR trading range for the day is 71.07-71.5.
# Rupee ended with losses as a new strain of coronavirus in China took a toll on risk appetite.
# Investors turned wary of US Trump decision to impose tariffs on EU's auto segment, bringing fears of a trade conflict emerging between the EU and the US.
# India’s annual retail inflation has accelerated to its highest level in more than five years, increasing the likelihood of an extended pause in the central bank’s rate cutting cycle.
KEDIA: CURRENCY O/P UPDATE:
USDINR LOOK TO O/P UP TILL 71.36, EURINR O/P WEAK TILL 78.87, GBPINR O/P UP TILL 93.65 & JPYINR O/P UP TILL 65.19.