Euro gains traction ahead of inflation data, dollar steadies - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Euro gains traction ahead of inflation data, dollar steadies
* Dollar retreats as markets rethink Fed rate bets, eye ECB hikes
* The 'Big Package': How Russia was driven to default
Chart of the day:
USDINR:
USDINR is continuing its bullish momentum and there are no signal of weakness where 78.55 is an immediate target level. On the downside 78.20 intraday and immediate support level. While below 78.20 lead further weakness toward 78.05-77.90 levels.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)