Currency Update by Heena Naik, Angel Broking Ltd
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Below are Views On Currency Update by Heena Naik, Research Analyst - Currency, Angel Broking Ltd
Currency Update
- GBPINR surged sharply by more than 1 percent touching the higher levels of 104.30 tracking the bullish move in USDINR.
- Also, GBPUSD has moved up by more than 1% overnight towards 1.4008 levels on expectations of better than expected economic data set releases this week which worked in favour.
- Fall in US Dollar Index after the US Feds reiterated its view that any spike in inflation was likely to be temporary.
- Britain recorded 10 deaths due to Covid-19, lowest since Sep'20.
- Non essential stored re-opened in England with more than 87% people heading to shops across. This points out towards probable economic recovery soon
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
