08-08-2023 09:09 AM | Source: Swastika Investmart
US dollar gains as Fed comments on more rate hikes lend support - Swastika Investmart
News By Tags | #2767 #2911

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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Yuan loses core support as firms leave China

* US dollar gains as Fed comments on more rate hikes lend support

* Dollar on the rise ahead of key inflation data

CHART OF THE DAY:

OUTLOOK:

GBPINR: GBPINR is consolidating in the range of 105.20–105.50, where a move above 105.50 can lead to some upside towards 105.60-105.75, while if it slips below 105.20, it may head towards the 105.–104.80 zone.

 

 

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