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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar dips as Powell testimony disappoints hawks

* Powell says he expects dollar to remain global reserve currency

* Euro holds ground on world stage despite Russia slashing use -ECB

CHART OF THE DAY:

OUTLOOK:

GBPINR: GBPINR yesterday witnessed sharp selling pressure from resistance of 105.00–105.10 levels. On the upside, it has an immediate resistance of 105.00, and on the downside, below 104.00, it may head towards 103.8–103.60 levels. Traders are advised to stay with the momentum with the "Sell on the rise" approach.

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