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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

Dollar up on risk aversion; sterling, Swiss franc slip despite rate hikes

Turkish lira in free fall: New record lows despite drastic interest rate hike

Dollar steadies after Powell's testimony; sterling awaits BOE meeting

CHART OF THE DAY

OUTLOOK:

JPYINR: JPYINR is continuing its bearish momentum, and there are no signals of recovery where 57.45 is an immediate target level. On the upside, 57.80 intraday and immediate resistance levels While below 57.45 leads to further weakness towards 57.30–57.20 levels

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