Dollar Hits New 20-Year High as Euro Slumps on Energy Woes - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Russian gas cut pushes euro toward new lows
* Dollar Hits New 20-Year High as Euro Slumps on Energy Woes
* Biden administration to maintain China tariffs while review continues
Chart of the day:
USDINR: USDINR is consolidating in the range of 80.10-79.50 where move above 80.10 can lead further upside moment towards 80.20-80.40 while if it slips below 79.75 it may head towards 79.50-79.30 zone again
Technical View:
* The mixed move can be seen in the 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)