Dollar set for fifth straight week of gains as China stays top of mind - Swastika Investmart Ltd
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar set for fifth straight week of gains as China stays top of mind
* Dollar slips from two-month high; sterling drops on weak retail sales
* Dollar near two-month high, investors eye intervention-zone yens
CHART OF THE DAY:
OUTLOOK:
USDINR: USDINR is continuing its bullish momentum above the 83.00 level, and there are no signals of weakness due to strength in the Dollar Index, where 83.30 is an immediate target level. On the downside, 82.90 intraday and immediate support levels While below 82.90 leads to further weakness towards the 82.80-82.70 zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
