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DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* PBOC sets yuan midpoint at 6.9565 vs last close at 6.9598

* Gold Price Forecast: XAU/USD accelerates above $1,790 as spotlight shifts to US inflation

* AUD/USD bulls ignore challenges to sentiment, mixed China data to poke 0.6800 amid softer US Dollar

CHART OF THE DAY

OUTLOOK:

EURINR: EURINR is facing a resistance at the higher levels , however 86.20 is immediate support level and on the upside 87.20 act as a resistance, where move above 87.20 it can lead some upside momentum towards 87.60 while if it slips below 86.20 it may head towards 85.80-86.00 zone.

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