Sell USDINR Jul @ 95.6 SL 95.8 TGT 95.3-95.2 - Kedia Advisory
USDINR
SELL USDINR JUL @ 95.6 SL 95.8 TGT 95.3-95.2.
Observations
USDINR trading range for the day is 94.55-95.97.
Rupee extended its recent losses as rising US Treasury yields strengthened the greenback and weighed on Asian currencies.
India's Manufacturing PMI eased to 54.2 in June 2026 from 55.0 in May, signaling the second-weakest improvement in factory activity since mid-2022.
Stronger-than-expected US labor market data reinforced expectations that the Federal Reserve could keep interest rates higher for longer.
EURINR
SELL EURINR JUL @ 108.9 SL 109.3 TGT 108.6-108.3.
Observations
EURINR trading range for the day is 108.2-109.24.
Euro gains as investors are closely watching the ECB’s Sintra Forum and inflation updates from Europe’s major economies
Eurozone Manufacturing PMI declined to 51.4 in June 2026 from 51.6 in May, broadly aligning with the preliminary estimate of 51.3.
Germany Manufacturing PMI was revised higher to 50.3 in June 2026 from a preliminary of 50, pointing to small growth in factory activity.
GBPINR
SELL GBPINR JUL @ 126.7 SL 127 TGT 126.4-126.1.
Observations
GBPINR trading range for the day is 125.17-127.45.
GBP gains as investors remained cautious while awaiting news on the new Treasury leader to replace Rachel Reeves.
The S&P Global UK Manufacturing PMI posted 52.5 in June, down from May's four-year high of 53.9 and the earlier flash estimate of 53.1.
UK Nationwide House Price Index rose 2.2% year-on-year in June 2026, missing market expectations of 2.4% but accelerating from a 1.7% increase in May
JPYINR
SELL JPYINR JUL @ 59.2 SL 59.5 TGT 58.9-58.6.
Observations
JPYINR trading range for the day is 58.9-59.32.
JPY gains despite after fresh data highlighted the resilience of the US economy
Japan Manufacturing PMI was revised slightly lower to 54.8 in June 2026 from 54.9 in the preliminary estimate.
The Bank of Japan’s sentiment index for large manufacturers climbed to 22 in Q2 2026 from 17 in Q1, beating market forecasts of 16.
