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Published on 11/09/2020 3:53:14 PM | Source: Emkay Global Financial Services Ltd

This week dollar bulls have been very active by Rahul Gupta, Emkay Global

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Below is the Views On This week dollar bulls have been very active by Mr. Rahul Gupta, Head of Research-Currency, Emkay Global Financial Services

"This week dollar bulls have been very active and the support of 73 has not been broken. The worries over Brexit and delay in US fiscal stimulus package is keeping the USDINR spot afloat. The market focus is on today's US inflation data and the upcoming number is very important because next week is Fed policy (Sep 15-16). A higher CPI number would continue to keep USDINR spot above 73 zone, with 73.75 being the resistance. Unless the USDINR spot doesn't consistently trade above 73.75, the spot will remain sideways between 73-73.75."

 

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