Dollar Surges to Fresh 20-Year High on Hawkish Fed - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Dollar Surges to Fresh 20-Year High on Hawkish Fed
* S.Korean won falls through key level after Fed hike
* U.S. dollar soars to two-decade high as Fed flags more large hikes
Chart of the day:
USDINR: USDINR is continuing its bullish momentum and there are no signal of weakness where 80.20 is an immediate target level. On the downside 79.85 intraday and immediate support level. While below 79.85 lead further weakness toward 79.75-79.65 levels.
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)