Dollar tumbles against all G10 peers as US equities advanced on strong corporate earnings - Geojit Financial Services
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Dollar tumbles against all G10 peers as US equities advanced on strong corporate earnings.
Asian equities begin weak.
Oil slipped while treasuries advanced above 1.65.
FIIs were net sellers in Indian equities worth 505.79 crores. DIIs sold net 2578.22cr.
OUTLOOK - USDINR
Yesterday’s swing higher from 74.94 region hints at the underlying bullishness could soon see toppling of 77. However the day’s upsides may be challenged by 75.29. A narrow range trading range is expected, with limited surprise expected on the downside.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
