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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar steady on underlying moderate PPI data, dovish Fed officials

* Dollar flat ahead of release of Fed minutes, PPI data

* Euro strengthens against dollar amidst dovish Fed comments and anticipated Chinese stimulus

OUTLOOK

EURINR: EURINR is continuing its bullish movement, and yesterday it was given close around 88.25 near to 25 DMA. If it sustains above 88.55-88.57, then it will be tested at 100 DMA, where it placed around 89.20 levels. On the downside, 88.00 is the first support level, while below 88.00 it may head towards the 87.80-87.70 zone again.

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