SELL USDINR JUN @ 85.75 SL 85.9 TGT 85.6-85.5 - Kedia Advisory
USDINR
SELL USDINR JUN @ 85.75 SL 85.9 TGT 85.6-85.5.
Observations
USDINR trading range for the day is 85.44-85.92.
Rupee ends slightly up, tracking Asian peers as dollar dips before US-China talks.
RBI Governor stated that a larger-than-usual rate cut was the need of the hour, citing the need to prompt economic growth.
The US economy added 139K fresh workers, higher than estimates of 130K.
EURINR
SELL EURINR JUN @ 98 SL 98.2 TGT 97.8-97.6.
Observations
EURINR trading range for the day is 97.72-98.26.
Euro steadied as investors focused on upcoming US-China trade talks in London.
ECB can take its time on interest rates with monetary policy now set at a neutral level that is no longer restrictive.
GDP in the Euro Area expanded 0.60 percent in the first quarter of 2025 over the previous quarter.
GBPINR
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SELL GBPINR JUN @ 116.3 SL 116.6 TGT 116-115.7.
Observations
GBPINR trading range for the day is 115.9-116.58.
GBP steadied ahead of trade talks between the US and China.
Investors await the UK Employment and monthly GDP data later this week.
US President Trump criticizes the Fed for not lowering interest rates after US NFP data
JPYINR
SELL JPYINR JUN @ 59.9 SL 60.1 TGT 59.7-59.5.
Observations
JPYINR trading range for the day is 59.47-60.17.
JPY gains as revised data showed the country’s first-quarter GDP was flat.
Japan’s current account surplus narrowed in April and fell short of market expectations, adding a mixed note to the economic outlook.
BOJ Governor reaffirmed the central bank’s readiness to raise interest rates if economic and inflation forecasts are met.
