IGI Logo

USDINR

USDINR trading range for the day is 74.16-74.74

USDINR remained supported amid widening concerns about the Chinese property sector and firm U.S. Treasury yields.

Latest weekly positioning data showed hedge funds have increased their dollar holdings against its rivals to its highest levels since November 2019

India’s trade deficit widened to USD 22.94 billion in September of 2021, from USD 2.72 billion in the same period last year

EURINR

EURINR trading range for the day is 86.02-86.98.

Euro remained supported as investors eye Eurogroup meeting where Eurozone finance ministers will be discussing the EU’s recovery plans, banking union and fiscal policy

Eurozone inflation accelerated to the highest level in 13 years on surging energy prices in September, flash data from Eurostat showed.

ECB President Christine Lagarde told that there are no signs recent price increases are becoming broad-based across the economy

GBPINR

GBPINR trading range for the day is 100.26-101.76.

GBP remained supported amid expectations the Bank of England will be raising interest rates sooner-than-expected.

UK's Sunak says he does not want more tax increases

The UK manufacturing sector upturn slowed in September as supply chain delays, slow new order growth and higher cost weighed on production

JPYINR

JPYINR trading range for the day is 66.84-67.16

JPY remained supported as renewed concerns about China's property sector and looming U.S. labour data put investors in a cautious mood

Japan's outgoing Finance Minister Aso said he urged BOJ to lower inflation target

Investors are concerned that a collapse at Evergrande could hurt an already fragile Chinese economy and drag on global growth.

To Read Complete Report & Disclaimer Click Here

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