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FUNDAMENTALS OF CURRENCY:

* The dollar was little changed on Friday while the Japanese yen sank to its lowest since mid- November as investors rebalanced portfolios for month-end. The greenback has been largely range- bound against a basket of currencies for the past two weeks as investors evaluate whether a selloff that sent the currency down almost 7% last year is likely to continue.

* The index is up 1.53% from a three-year low of 89.206 reached on Jan. 6. Employment data for January released next Friday is the next major economic driver, while investors are and also House focused of Representatives on fiscal stimulus. will move The U.S. next Senate week on President Joe Biden's plan to deliver COVID-19 2930.66 relief to Americans and businesses reeling from the pandemic, top Democrats said on Thursday.

* Yen underperformed on Friday even as risk appetite worsened, hitting a two-month low versus the dollar and a nearly three-year low against the Swiss franc. Analysts attributed the move to several factors, including the dollar's yield advantage over the Japanese currency and of monthJapan policymakers discussed the merits of allowing long-term yields to move more flexibly around the bank's target, a summary of opinions at their January meeting showed on friday.

* The Euro of meeting has the been week, showed all due over on to Friday. the the place fact that during we the are  consolidating, and of course the ECB had members walking that further back easing the value could of the be Euro coming by suggesting down the road. bottom Currently, and stuck the 1.23 between the level market on the the looks 1.20 top. 

Technical indicators (Daily):

*  RSI- 40.2025

* MACD- -0.1695

* MOVING AVERAGES (20,50,100)- (70.0039/73.4820/73.6451)

USDINR TECHNICAL CHART

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