Dollar steady as Fed's Powell says higher rates may be needed - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar index dips, briefly hits 9-month high against yen
* Powell's steady hand steers dollar higher: McGeever
* Dollar steady as Fed's Powell says higher rates may be needed
OUTLOOK:
USDINR: USDINR is respecting its 200 DAM beautifully; however, 82.80 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 83.00-83.10 zone. On the downside, 82.35 is an immediate support zone, while 82.20–82.10 is the next support zone
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
