US dollar undervalued despite high yields - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* US dollar undervalued despite high yields, says Credit Agricole
* Dollar gains as Fed, Middle East in focus
* Digital Euro Project Faces Privacy Concerns, ECB and Edpb Seek Clarity
OUTLOOK:
USDINR: USDINR is witnessing the bouncing back and manages to hold its 25 DMA; however, 83.36 is an immediate and minor hurdle; above this, 83.40–83.42 will be the critical resistance area; on the downside, 83.17 is an important support level. A sideways to upside range bound move will be possible.
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