ADB head says FX intervention among tools for emerging Asia - Swastika Investmart
Daily Currency Market Updates
News in headline:
* ADB head says FX intervention among tools for emerging Asia
* Euro, sterling plunge on soft business activity data, UK budget woes
* Sterling tanks 3%, set for biggest one-day fall since 2020
Chart of the day:
USDINR: USDINR is continuing its bullish momentum and there are no signal of weakness where 81.30 is an immediate target level. On the downside 80.80 intraday and immediate support level. While below 80.80 lead further weakness toward 80.60-80.40 levels.
Technical View:
* The mixed move can be seen in the currency.
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