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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* U.S. dollar falters as Fed outlook weighs; focus on next week's inflation data 

* Dollar slips; traders assess Fedspeak ahead of CPI release

* Bullish bets on Asian FX ease as Fed rate-hike concerns weigh: Reuters poll

CHART OF THE DAY:

OUTLOOK:

GBPINR: GBPINR has been showing and outperforming for the last two trading sessions, where 100.40.100.45 is an immediate resistance zone. Above this, we can expect a short-covering rally towards the 100.55-100.75 zone. On the downside, 100.00 is an immediate support level, while 99.65 will be the next important support level.

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