Dollar on the defensive with Fed's Powell likely to sound dovish note

27/01/2021 11:17:29 AM | Source: Swastika Investmart Ltd

Dollar on the defensive with Fed's Powell likely to sound dovish note - Swastika Investmart Ltd

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News in headline:

* Dollar on the defensive with Fed's Powell likely to sound dovish note

* Dollar steadies; euro hurt by vaccine delays and German business morale slump

* Dollar holds at one-week highs as yuan outperforms

Chart of the day:

The day trend in USDINR is showing weakness as making lower lows and lower high formation on daily chart which indicates sell signal so one can go short in it if it breaks the support.

Technical View:

* The mixed move can be seen in currency

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Dollar on the defensive with Fed's Powell likely to sound dovish note - Swastika Investmart Ltd

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