11-10-2021 10:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 73.9-74.4 - Kedia Advisory
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USDINR

USDINR trading range for the day is 73.9-74.4.

USDINR remained in range as traders awaited inflation figures due in the U.S. and China to guide the interest rate outlook.

India poised to achieve services export target of $1 trillion by 2030, says Piyush Goyal

India's merchandise exports in October rose 42.3% on a year-over-year (Y-o-Y) basis to touch $35.47 billion

 

EURINR

EURINR trading range for the day is 85.58-86.4.

Euro remained in range as traders waited for U.S. inflation data and more speeches from central bank governors for some clues on the direction of interest rates.

German exports fell for a second consecutive month in September while imports nearly stagnated, the statistics office said

Eurozone investor confidence improved unexpectedly in November driven by the rebound in expectations

 

GBPINR

GBPINR trading range for the day is 100.19-101.31.

GBP remained supported clawing back some of the hefty losses fuelled by the ebbing of interest rate bets.

Markets are now pricing an interest rate rise at the Bank of England’s December meeting, but uncertainty remains high

CFTC shows a swing from a net short a month ago as the BoE seemed to guide rate expectations higher.

 

JPYINR

JPYINR trading range for the day is 65.54-66.02.

JPY seen supported after the labour ministry reported that cash earnings for Japan's workers inched up 0.2% compared with a year earlier

BOJ policymakers stress need to keep easy policy on weak inflation

The government is considering an economic stimulus package worth more than 30 trillion yen ($265 billion) aimed at easing the pain

 

 

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