The U.S. dollar slumped to a one-year low in early European trade - GEPL Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/5ea8f7b0214d8c4a6da4edc2215fc776.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
News / Other data
* The dollar index bounced off a one-year low against a basket of currencies on Friday after some March retail sales components were not as weak as some economists had feared, while a key Federal Reserve official warned that the U.S. central bank needs to continue hiking interest rates to bring down inflation.
* The U.S. dollar rebounded from a one-year low as bets on a May rate hike jumped after Federal Reserve officials signaled that there weren’t ready to hoist the white flag on further rate hikes as inflation still remains too hot.
* Turkey's tightly contested presidential and parliamentary elections on May 14 are perhaps the most consequential in the century-long history of the republic.
* Asian currencies moved in a flat-to-low range on Wednesday, while the dollar stuck to two-month lows as weak economic data fueled increasing concerns over an economic slowdown this year.
* India's foreign exchange reserves jumped to $584.76 billion for the week ended April 7, the highest in nine months, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. That is an increase of $6.3 billion from the previous week. The central bank intervenes in the spot and forwards markets to prevent runaway moves in the rupee. Changes in forex reserves also stem from valuation gains or losses.
* The U.S. dollar slumped to a one-year low in early European trade Friday on raised expectations that cooler-thanexpected inflation data will result in an early end to the Federal Reserve’s rate-tightening cycle
Data inference
* No Major Event
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://web.geplcapital.com/term-disclaimer
SEBI Registration number is INH000000081
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Economy 12345.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Footwear_1236.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy_NBFC.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Adani port.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/shriram finance logo.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Pharma_101.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Health Insurance_487.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/World Bank_04Apr.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Investment 15.10.2023.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/cybersecret.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f8722dc5cfdcb05d0a567e0df6a967e.jpg)
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)