Published on 19/01/2021 9:33:53 AM | Source: Kedia Advisory

JPYINR trading range for the day is 70.5-70.84 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR trading range for the day is 73.12-73.52.

USDINR ended with gains as an undercurrent of risk aversion swept through currency markets in the backdrop of weak U.S. economic data.

India's forex reserves up by $758 million to lifetime high of $586.082 billion

India's December trade deficit widens to $15.44 billion



EURINR trading range for the day is 88.34-88.74.

Euro dropped as dollar seen up amid ever-increasing COVID-19 cases and an Italian political crisis that is casting doubts over the region’s economic recovery.

The Italian economy is set to expand this year and next, but will return to pre-pandemic levels only in 2023, the Bank of Italy projections showed.

Eurozone exports increased for the seventh straight month in November, first estimate from Eurostat showed



GBPINR trading range for the day is 99.09-99.71.

GBP dropped after the release of weak economic data, and the lingering impact of the coronavirus crisis.

Britain’s government hopes to ease some lockdown restrictions in March as it presses ahead with Europe’s fastest rollout of COVID-19 vaccines

Data showed that the UK's industrial production index fell 0.1% in December, worse than forecasts of a rise by 0.5%



JPYINR trading range for the day is 70.5-70.84

JPY gains as softening U.S. economic data and rising global coronavirus cases kept investors cautious

The Bank of Japan upgraded its economic assessment of three out of nine regions and downgraded one

Japan's tertiary activity dropped for the sixth month in a row in November, data from the Ministry of Economy, Trade and Industry showed.

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