02-09-2021 09:47 AM | Source: Kedia Advisory
EURINR trading range for the day is 87.75-88.13 - Kedia Advisory
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USDINR

 

USDINR trading range for the day is 72.84-73.32.

 

USDINR remained in range as traders waited for more data on the U.S. economy, after a disappointing jobs report last week.

 

President Joe Biden and his Democrats are pushing ahead with $1.9 trillion COVID-19 relief package.

 

India's foreign exchange reserves rose to $590.19 billion compared with $585.33 billion a week earlier

 

EURINR

EURINR trading range for the day is 87.75-88.13.

Euro seen supported as dollar nursed losses as disappointing U.S. jobs data caused some investors to scale back bets on a rebound in the greenback.

Germany's factory orders declined more than expected in December largely due to weak demand from euro area amid strict lockdown restrictions

France's trade deficit narrowed in December from the previous month, data from customs office showed.

 

GBPINR

GBPINR trading range for the day is 99.87-100.4.

GBP rose after the Bank of England's decision and its President Andrew Bailey's remarks.

President Bailey said that there are signs that the unemployment rate is higher than official data.

UK construction activity declined in January for the first time in eight months amid weakness in commercial activity and house building.

 

JPYINR

JPYINR trading range for the day is 69.11-69.37.

JPY remained in range as dollar dropped as U.S. economy created fewer jobs than expected in January

Japan had a current account surplus of 1,165.6 billion yen in December, the Ministry of Finance said - up 113.9 percent on year.

Japan's leading index declined in December after rising in the previous month, preliminary data from the Cabinet Office showed

 

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