US dollar slips as traders cautious before Fed`s Jackson Hole symposium - Swastika Investmart Ltd
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* US dollar slips as traders cautious before Fed's Jackson Hole symposium
* JPMorgan sees Japan's threshold for yen intervention at around 150 yen per dollar
* Exclusive-India cenbank nudges banks to settle UAE trades in rupee, dirham -sources
OUTLOOK: GBPINR:
GBPINR is continuing its bullish momentum above the 105.90 level, and there are no signals of weakness due to sideways range in the Dollar Index, where 106.20 is an immediate target level. On the downside, 105.80 intraday and immediate support levels While below 105.80 leads to further weakness towards the 105.70-105.50 zone.
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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)
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The US dollar increased 0.61% yesterday amid a surge in US treasury yields - ICICI Direct
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