06-11-2021 10:26 AM | Source: Kedia Advisory
USDINR trading range for the day is 72.98-73.36 - Kedia Advisory
News By Tags | #2767 #5839

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USDINR

USDINR trading range for the day is 72.98-73.36.

USDINR ended with small gains as investors awaited key US inflation data, which could offer clues on central bank stimulus path.

India's fuel demand slumps to 9-month low amid COVID-19 impact on economic activity

India's services activity shrank in May on lockdowns, job cuts quicken

 

EURINR

EURINR trading range for the day is 88.78-89.32.

Euro settled flat as Germany's exports growth eased more-than-expected in April and imports dropped

The euro zone economy contracted by much less than expected in the first quarter of the year.

Chancellor Angela Merkel warned Monday that the global shortage of semiconductors, which could last until at least mid-2022

 

GBPINR

GBPINR trading range for the day is 102.89-103.41.

GBP dropped amid concerns about a possible delay of the wider reopening of the UK economy due on June 21st

UK Health Secretary Matt Hancock said over the weekend that it was too early to say whether the easing of restrictions could go ahead as planned.

Bank of England's Haldane says job uncertainties are "pretty acute"

 

JPYINR

JPYINR trading range for the day is 66.63-67.03.

JPY remained in range as investors looked to U.S. inflation data to provide a spur for lackluster currency markets.

Japan's wholesale prices rise at fastest pace in 13 years on commodities surge

Investors have adopted a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound.

 

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