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Published on 17/08/2022 10:21:51 AM | Source: Swastika Investmart Ltd

Dollar Edges Higher; Recession Fears Boost Safe Haven - Swastika Investmart

Posted in Currency Report| #Currency Tips #Swastika Investmart Ltd

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Daily Currency Market Updates

News in headline:

* Dollar steady before retail sales, Fed minutes

* Dollar Edges Higher; Recession Fears Boost Safe Haven

* Chinese Yuan Hits 3-Mth Low After Surprise Rate Cut, Asia FX Sinks

Chart of the day:

USDINR: USDINR is consolidating in the range of 79.80 -79.28 where move above 79.85 can lead some upside momentum toward 80-80.15 while if it slips below 79.70 it may head towards 79.50-79.30 zone.

Technical View:

*  The mixed move can be seen in currency.

 

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