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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar soars ahead of Fed minutes, jobs data

* Asia FX extends new year gains, Japanese yen surges to 7-mth high

* Dollar creeps up in subdued start to new year

CHART OF THE DAY:

OUTLOOK:

EURINR: EURINR yesterday facing huge selling pressure from resistance level of 88.60-88.70 and given close with big bearish candle around 87.61, more downside fall possible here it has an immediate support level around 87.40- 87.20 and upside it has an intraday immediate resistance levels of 87.80-88.00.

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