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Daily Currency Market Updates

News in headline:

* Chinese Yuan Hits Near 2-Yr low, Asia FX hit by Fed Jitters

* U.S. dollar net longs rise; euro shorts hit biggest since February 2020 -CFTC, Reuters data

* As Japanese manufacturing fades, a factory town fights to stay alive

Chart of the day:

USDINR: USDINR is continuing its bullish momentum after consolidation where 80.16 is intraday immediate resistance level. On the downside 79.75 is immediate support level while below 79.75 further weakness towards 79.50-79.40 zone.

Technical View:

* The mixed move can be seen in the currency.

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