India's retail inflation likely cooled to 5.78% in July - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
USDINR
USDINR trading range for the day is 74.45-74.67.
USDINR remained in range ahead of U.S. inflation data, with a strong number potentially pressuring the Federal Reserve to wind back policy support.
India's retail inflation likely cooled to 5.78% in July
Fed officials say tapering is near, advancing discussion on rate hike
EURINR
EURINR trading range for the day is 87.31-87.53.
Euro remained in range as investors expect that the European Central Bank will remain dovish for some time
ECB President Christine Lagarde also warned about a fresh wave of the coronavirus pandemic and its impact on the economic recovery.
Euro zone banks left flying solo by new glitch in ECB payment system
GBPINR
GBPINR trading range for the day is 102.8-103.32.
GBP dropped with traders holding off major bets ahead of British GDP figures due.
British consumer spending rose strongly in July, data from payment card provider Barclaycard showed, up 11.6% on pre-pandemic levels.
The UK central bank left monetary policy unchanged last week, raising inflation forecasts for 2021
JPYINR
JPYINR trading range for the day is 67.27-67.51.
JPY remained under pressure tracking U.S. Treasuries as a strong labour market recovery in the United States spurred bets for a near-term tightening of monetary policy.
Japan’s bank lending rose in July at the slowest annual pace in nearly nine years, data showed
Japan's current account surplus beat estimates in June, rising sharply to JPY 905.1 billion from JPY 148.3 billion in the same month of 2020.
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
