Dollar slumps to two month low as bets on a 50bps rate hike surge - Swastika Investmart Ltd
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DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* Dollar slumps to two month low as bets on a 50bps rate hike surge
* EURGBP pares the biggest daily loss in a month above 0.8700 ahead of UK Q3 GD
* AUDJPY inclines towards 94.00 ahead of RBA policy minutes
CHART OF THE DAY :
OUTLOOK:
USDINR:
USDINR managed to close above horizontal resistance of 81.80, which has opened the door for a journey toward 82.0-82.2, however 81.5 is immediate support level and on the upside 82.00 act as a resistance, where move above 82.00 it can lead some upside momentum towards 82.4-82.6 while if it slips below 81.35 it may head towards 81.10-81.00 zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
