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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar stumbles as signs point to Fed skipping June rate hike

* Fed’s Harker Says FOMC Should ‘at Least Skip’ June Rate Hike

* Dollar stabilizes; progress of debt ceiling bill, Fed officials in focus

CHART OF THE DAY:

OUTLOOK:

GBPINR: GBPINR has been outperforming for the last two trading sessions, and 102.60-102.80 is an immediate resistance zone. Above this, we can expect a short-covering rally towards the 103.00 zone. On the downside, 102.40 is the immediate support level, while 102.20 will be the next important support level

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