Dollar Down as U.S. Consumer Confidence Falls, Trims Fed Taper Bets - Swastika Investmart
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News in headlines:
* Dollar Down as U.S. Consumer Confidence Falls, Trims Fed Taper Bets
* Dollar in Weekly Loss, but Bullish Bets Pile Up Ahead of Powell, Fed Minutes
* EURJPY Price Experiencing Low Bulls’ and Bears’ Momentum
Chart of the day:
EURINR is moving in down sloping channel where it is bouncing back from lower trend line support and we can expect a bounce back towards upper trend line which is placed around 88 marks.
Technical View:
* The mixed move can be seen in currency.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
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The rupee depreciated marginally and ended at 72.42 - ICICI Direct
![US dollar declined 0.04% yesterday amid a rise in US stocks and disappointing retail sales data](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/4a04dd0fd4039343e9d35e617f8cc65e.jpg)
![Asian currencies moved little on Tuesday as investors weighed potential risks from a hawkish Federal Reserve - GEPL Capital](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/61aed5c9c59a962b31611f2dedcb5513.jpg)
![EURINR opened with an upward gap and remained in positive terrain throughout the day - Axis Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/11/c576b75399915ab34e4265968772fadd.jpg)