Published on 14/07/2021 9:55:02 AM | Source: Kedia Advisory

EURINR trading range for the day is 88.19-88.75 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR trading range for the day is 74.45-74.79.

USDINR dropped as India’s lower-than-expected rise in June inflation eased concerns over policy tightening by the central bank.

Retail inflation in the country rose less than expected in June at 6.26%.

Fed's meeting minutes showed that substantial further progress on the economic recovery was generally seen as not having yet been met



EURINR trading range for the day is 88.19-88.75.

Euro dropped as investor focus turned to the European Central Bank's strategy review.

ECB to chart new policy path next week.

Germany's wholesale prices increased at the fastest pace since 1981, data from Destatis revealed.



GBPINR trading range for the day is 102.94-103.94.

GBP eased amid nerves about England abandoning COVID-19 restrictions next week even as cases keep on climbing.

BoE's Bailey says UK needs to maintain financial standards.

The UK economy is set to grow at a slower pace in the third quarter, the think tank NIESR said.



JPYINR trading range for the day is 67.46-67.8.

JPY dropped as sentiment weakened after Prime Minister Suga's government put Tokyo under its fourth COVID-19 state of emergency.

Japan’s core machinery orders rose for the third straight month in May.

Japanese wholesale prices continued to surge in June as import costs spiked at the fastest pace on record, data showed.


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