Sterling climbs after tax plan reversal, dollar also weaker against other major currencies - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* China digs deep into bag of yuan tricks to resist dollar steamroller
* Sterling climbs after tax plan reversal, dollar also weaker against other major currencies
* Analysis-Chile's sliding peso reflects tough battle vs rampaging dollar
Chart of the day:
GBPINR: GBPINR is continuing its bullish momentum and there are no signal of weakness where 92.60-92.80 is an immediate target level. On the downside 91.50 intraday and immediate support level. While below 91.50 lead further weakness toward 91.30-91.00 levels.
Technical View:
* The mixed move can be seen in the currency.
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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)