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01-01-1970 12:00 AM | Source: Kedia Advisory
EURINR trading range for the day is 84.1-84.9 - Kedia Advisory
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USDINR

USDINR trading range for the day is 74.23-74.93.

USDINR gained with traders nervous about tensions in Ukraine and a possible hawkish tilt by the Federal Reserve at a much-watched meeting this week.

Yellen says low interest rates, manageable U.S. debt to continue after pandemic

Speculators cut net long U.S. dollar bets to lowest since mid – Sept 2021 – CFTC

 

EURINR

EURINR trading range for the day is 84.1-84.9.

Euro gained as support seen after the Eurozone Manufacturing PMI rose, the strongest growth in factory activity in 5 months

Strong factory output growth helped by easing supply bottlenecks pushed activity in Germany's manufacturing sector to a five-month high in January

Inflation outlook highly uncertain, ECB's Holzmann tells paper

 

GBPINR

GBPINR trading range for the day is 100.42-101.34.

GBP dropped hurt by investor caution brought on by falling stocks and tensions between Russia and the West.

BoE's Mann sees need for urgency on inflation, but some things beyond control

Speculators reduced their net short position on the pound in the week to Jan 18, according to CFTC data.

 

JPYINR

JPYINR trading range for the day is 65.11-66.05.

JPY remained supported amid renewed fears of heated inflation, policy uncertainties and heightened geopolitical tensions.

Japan's factory activity grew at the fastest pace in four years in January as output growth picked up.

The au Jibun Ban Flash Services PMI Index slumped to a seasonally adjusted 46.6 from December's final 52.1

 

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