IGI Logo

CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar gains on solid data, euro drops on cautious ECB comments

* Exclusive-Chinese exporters using currency swaps to retain dollars as yuan sags

* Dollar stabilizes ahead of PCE inflation data; euro awaits eurozone CPI release

CHART OF THE DAY:

OUTLOOK:

USDINR: USDINR is respecting its 25 DAM beautifully; however, 83.00 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 83.10-83.20 zone. On the downside, 82.60 is an immediate support zone, while is 82.40 the next support zone.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer