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19/08/2022 9:34:37 AM | Source: Swastika Investmart Ltd
Dollar jumps as Fed officials say more rate hikes needed - Swastika Investmart
News By Tags | #2767 #2911
Dollar jumps as Fed officials say more rate hikes needed  - Swastika Investmart

Daily Currency Market Updates

News in headline:

* Dollar jumps as Fed officials say more rate hikes needed

* Russia jumps to become third-largest market for yuan payments amid sanctions

* Russian rouble leaps to more than 3-week high near 59 vs dollar

Chart of the day:

USDINR:USDINR is consolidating in the range of 79.30-79.85 where move above 79.85 can lead further upside towards 79.95-80.15 while if it slips below 79.50 it may head towards 79.30-79.10 zone.

 

Technical View:

* The mixed move can be seen in currency.

 

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