Traders look ahead to Fed decision for monetary policy cues - Geojit Financial Services
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* Traders look ahead to Fed decision for monetary policy cues.
* Australian dollar slid after its central bank signalled patience in tightening policy.
* US treasury two year note’s yield is headed for one of its biggest daily drops since March 2020.
* Jerome Powell is widely expected to be renominated to a second term as the Federal Reserve Chair.
* China and India PMI data awaited.
OUTLOOK - USDINR
The swing towards 74.61 , indicates an attempt to breakout. Repeat attack on the 74.6 would call for 74.2. It would require a direct rise above 74.9 to revive upside hopes.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
