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Published on 2/06/2021 10:18:49 AM | Source: Kedia Advisory

EURINR trading range for the day is 88.79-89.87 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR

USDINR trading range for the day is 72.61-73.49.

USDINR gained as India's factory activity growth slowed significantly in May as a rise in coronavirus cases whacked new orders and output.

India GDP growth beats forecasts at 1.6% in Q1

Moody's pegs India GDP growth at 9.3% in FY22

 

EURINR

EURINR trading range for the day is 88.79-89.87.

Euro remained supported after data showed Germany’s annual consumer price inflation accelerated in May

EU to kick off pandemic plan with 10 bln euro bond issue – French minister

ECB’s Lane, said the bank had a “lot of work to do” to raise inflation back to its 2% goal and market talk of rapidly rising prices is misplaced.

 

GBPINR

GBPINR trading range for the day is 103.37-104.19.

GBP remained supported on rising expectations of an earlier than expected rate hike by the Bank of England.

A Bank of England policymaker said the central bank was likely to raise rates well into next year.

Gertjan Vlieghe also noted an increase could come earlier if the economy rebounds more quickly than expected.

 

JPYINR

JPYINR trading range for the day is 66.41-66.99.

JPY remained supported as sentiment was boosted after Manufacturing PMI was revised higher in May while still easing slightly from the previous month.

Japan's Q1 capex falls for 4th straight quarter

Japan's capital spending extends declines as firms tighten purse strings

 

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