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Published on 5/03/2021 12:21:01 PM | Source: Swastika Investmart Ltd

Dollar ascendant as Powell stays dovish course; risk currencies slide - Swastika Investmart

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

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News in headline:

* Dollar ascendant as Powell stays dovish course; risk currencies slide

* Euro to US Dollar (EUR/USD) Exchange Rate Rangebound as Outlook for Eurozone Economy Darkens

* Dollar Rises to Touch 108 Versus Yen for First Time Since July

 

Chart For The Day

 

The day trendin EURINR is indicating sideways to downside move followed by moving average on the daily chart which indicates sell signal so one can go with sell on rise strategy.

 

Technical View:

* The mixed move to downside can be seen in currency.

 

 

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