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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar finds footing on housing data as yuan falters

*Dollar firms amid supportive U.S. data; Swedish crown, Aussie slide

* Dollar in demand as modest China rate cut hits sentiment

CHART OF THE DAY:

OUTLOOK:

USDINR: USDINR is witnessing the bounce back and managing to hold its 200 DMA; however, 82.20 is an immediate and minor hurdle; above this, we can expect a short-covering move towards critical resistance in the 82.30–82.37 zone.

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