04-10-2023 09:01 AM | Source: Swastika Investmart Ltd
U.S. dollar reaches ten-month peak amid hawkish Federal Reserve views - Swastika Investmart
CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Yen surges against dollar, leads some to suspect intervention
*Japanese yen jumps after US dollar breaches key 150 level'
* U.S. dollar reaches ten-month peak amid hawkish Federal Reserve views
CHART OF THE DAY:
OUTLOOK:
USDINR: USDINR managed to close above the key hurdle of 83.30 but is still struggling to show momentum where 83.40–83.42 is an important resistance zone. On the downside, 83.00 is an immediate support level, while below these levels, 82.90–82.80 is an important support zone.
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