Dollar rises as US business activity ticks up in October - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar bounces, euro heavy on US/euro zone growth outlook divergence
* Dollar rises as US business activity ticks up in October
* GBP Strengthens, AUD Lags as US Bond Yields Rise
OUTLOOK:
USDINR: USDINR is witnessing the bouncing back and manages to hold its 50 DMA; however, 83.25 is an immediate and minor hurdle; above this, we can expect a short covering move towards the critical resistance of 83.35; on the downside, it has an important support of 83.00.
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