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* The dollar hovered around two month lows on Friday after falling sharply on data that showed U.S. inflation eased more than expected, with Treasury yields also down as investors positioned for a smaller interest rate hike by the Federal Reserve in December.

* South Korea's central bank governor on Friday said recent dollar/won movement was in line with his expectations, as currency market movements seem to have stabilised compared with a month earlier.Governor Rhee Changyong, however, said FX volatilities were likely to continue, which the Bank of Korea would monitor, he told reporters in Seoul.

* Mexican President Andres Manuel Lopez Obrador confirmed on Thursday the nomination of Bank of Mexico Deputy Governor Gerardo Esquivel for the presidency of the Inter-American Development Bank (IDB), Latin America's main lending arm.

* The dollar fell sharply on Thursday after U.S. consumer prices rose less than expected in October to suggest underlying inflation is cooling, data that Wall Street cheered as it may allow the Federal Reserve to get less aggressive with interest rate hikes.

* Taiwan has "smooth" communication channels with the United States and the two will keep talking on issues such as exchange rate policy, a Taiwanese central bank official said on Friday after the U.S. Treasury kept the island on its monitoring list.

* Seafarer Jhan Kharl Rodica recently returned home to Manila after an eight-month voyage and bought a townhouse outside the city, courtesy in part, he said, of the U.S. dollar's best year in a generation.

Data inference

* 'Actual' greater than 'Forecast' is good for currency

Chart for the day

Observation

* On looking at Daily chart of USDINR, after a strong rally from the 80 levels till 83.2 prices made a base at higher level, indicated a pause in the prior uptrend.

* In the latest trading session prices have given a breakdown of Rectangle pattern, while at the same time also of a crucial support 82.20 level.

* The 20 Days EMA which acted as a variable support now have breached below by the prices and have started to act as a resistance.

* RSI on the Daily timeframe is sustaining below the 50 mark which reflects the momentum for the down move

Observation

* Buy Sell below 81.60 Target 80 SL 82.35

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