US dollar rallies as inflation fears persist; eyes on upcoming Fed meeting - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* IMF sees recent yen falls as reflecting fundamentals
* Dollar up after inflation data boost
* US dollar rallies as inflation fears persist; eyes on upcoming Fed meeting
CHART OF THE DAY:
OUTLOOK:
USDINR: USDINR is witnessing the bouncing back and manages to hold its 25 DMA however 83.35 is an immediate and minor hurdle, above this, 83.40-83.42 will be the critical resistance area, on the downside 83.17 as an important support levels.
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