U.S. dollar rises vs yen as Fed reinforces hawkish stance; euro falls - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Even yen bears unnerved by latest slide as Tokyo ramps up warnings
* U.S. dollar rises vs yen as Fed reinforces hawkish stance; euro falls
* Goldman recommends traders short the euro versus Swiss franc after ECB rate hike
Chart of the day:
GBPINR:
GBPINR is consolidating in the range of 91.7-92.6 where move above 92.30 can lead further upside moment towards 92.60-92.80 while if it slips below 91.88 it may head towards 91.7-91.5 zone.
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)
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GBPINR trading range for the day is 105.25-106.11 - Kedia Advisory
![EURINR trading range for the day is 83.31-83.79 - Kedia Advisory](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/5fa42d2bd2379c8dab5b44695a7be3c7.jpg)
![Rupee is likely to appreciate today amid retreat in dollar and optimistic global market sentiments - ICICI Direct](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![Rupee gave up its gains and closed in the red due to likely RBI intervention despite rise in domestic equities - Geojit Financial Services Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/7cc918f8fbd8c1c8b180f69e7ea76c26.jpg)