Dollar rises as U.S. data shows inflation running hot - Swastika Investmart
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News in headline:
* Dollar hits three-month high to euro on bets for faster Fed tightening; kiwi soars
* Economic Data and the Bank of Canada Put the EUR, the GBP, and the Loonie in the Spotlight
* Dollar rises as U.S. data shows inflation running hot
Chart of the day:
The day trend in EURINR is indicating downside move as failed to sustain at upside levels and making lower lows and lower high followed by trend line as resistance so sell or rise can be followed.
Technical View:
* The mixed move can be seen in currency.
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Tag News
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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)