Dollar, Safe-Haven Currencies Up Over Fading Recovery Optimism - Swastika Investmart
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News in headlines:
* Dollar, Safe-Haven Currencies Up Over Fading Recovery Optimism
* U.S. dollar, yen rise after soft China data, amid Afghan unrest
* Fed Tells Judge Scrapping Libor Too Soon Would Spur Market Chaos
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)