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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Argentina and China formalize currency swap deal

* Dollar tumbles after U.S. jobs report, service sector contraction

* Russian rouble advances vs dollar, euro in light holiday trade

CHART OF THE DAY:

OUTLOOK:

The EURINR yesterday open with gap down note around 87.29, due to strength in dollar index, after that whole day it consolidate in narrow range of 87.20-87.02 zone, on the upside it has immediate resistance around 87.25, above 87.30 it will test again 87.4-87.60 levels, while below 87.02 it may head towards 86.9-86.7 levels..

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