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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Euro near one-year peak as US economic risks weigh on dollar

* Argentina govt to pay for Chinese imports in yuan rather than dollars

* Japan's ex-top FX diplomat sees BOJ keeping ultra-low rates this year

CHART OF THE DAY:

OUTLOOK

USDINR: USDINR is continuing its bearish momentum after one day of consolidation where 81.70 is intraday immediate target level. On the upside, 82.00 is an immediate resistance level, while below 81.70, further weakness will be seen in the upcoming sessions as it may head towards 81.60–81.50 levels

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