US Fed clarifies process for banks to transact in stablecoins - Swastika Investmart
CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
*US Fed clarifies process for banks to transact in stablecoins
* Pound struggles against dollar, with more pain ahead as BoE hike bets overcooked
* US dollar rises broadly as risk tolerance drops after Moody's downgrade, Chinese data
CHART OF THE DAY:
OUTLOOK:
USDINR: USDINR is continuing its bullish momentum, and there are no signals of weakness where 83.10–83.15 is an immediate target level. On the downside, 82.80 intraday and immediate support levels While below 82.80 leads to further weakness towards the 82.70–82.60 zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
