Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 86.50-89.00 1.1400-1.1900 1.3200-1.3900 142.00-158.00 0.7800-0.8300
Sentiment against USD Negative Positive Positive Negative Negative
Forecast for the day 87.60-88.20 1.1650-1.1750 1.3400-1.3500 149.50-150.50 0.7880-0.7915

Rupee started day on positive note, opening 6 paisa higher at 87.77 levels against yesterday’s closing of 87.83 levels. Equity market benchmarks are trading about 0.2 lower in early trades.


DXY is trading lower at 98.22 level. DXY is heading into a weekly loss, the biggest decline since July, as US-China trade tensions intensify amid continuing government shut down. Markets are not betting on Fed rate cuts. Credit market risks also weighed on sentiment after two US regional banks disclosed bad loans. Fed Governor Christopher Waller said Thursday he supports another rate cut this month amid mounting labor market risks, while Fed Governor Stephen Miran called for more aggressive easing.


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