Daily FX Trends - Mecklai Financial

Daily FX Trends - Commentaries

	USD/INR	EURO/USD	GBP/USD	USD/JPY	USD/CHF
Macro Support-Resistance Levels	88.50-92.50	1.1250-1.2100	1.2800-1.3700	142.00-159.00	0.7600-0.8300
Sentiment against USD	Negative	Negative	Negative	Negative	Neutral
Forecast for the day	89.85-90.35	1.1650-1.1750	1.3315-1.3420	155.45-156.35	0.7935-0.7965

Spot rupee ended at 89.27/28 to a dollar level after opening at 90.13/14 level. The rupee appreciated sharply in the last few minutes of trading on RBI intervention. The local unit traded in the range between 90.2950-89.25 during the day. Equity market benchmarks ended about 0.6 higher today.
DXY is trading at 98.66 level today. DXY is trading modestly higher today. EURUSD is trading lower amid mixed economic data from Europe. Data from Europe showed German Producer prices dropped 2.3 y/y in November, following a 1.8 decline in October against market f/c for 2.2 drop. French PPI rose 1.1 m/m in November 2025, after stalling in October. On an annual basis, the decline in producer prices for the French domestic market intensified to -3.3, compared with a 0.8 fall in October.
From Germany, GfK Consumer climate indicator dropped sharply to -26.9, heading into January 2026 from a marginally revised -23.4 in the prior period, missing market f/c of -23.3 and hitting its lowest level since April 2024.
From the UK, retail sales volumes inched down 0.1 m/m in November, defying market f/c of a 0.4 rise and following a downwardly revised 0.9 drop in October. Over the three months to November compared with the three months to August, sales volumes increase 0.6, and were up 0.7 compared with the same period last year. Also, from UK, PSNB narrowed to £11.7 bn. in November 2025, down from £13.6 bn. a year earlier, but above market f/c of £10 bn.
Important data releases scheduled today: US: Existing Home sales; Revised UoM Consumer Sentiment; Inflation expectations;

Indian Rupee opened at 90.15 levels, marking a 10-paisa uptick from its prior close of 90.25, supported by ongoing RBI interventions. This gain extends the local unit recovery streak to three sessions, reflecting a cumulative 1.04 strengthening over the period. Equity market benchmarks are trading about 0.4 higher in early trades.

DXY is trading at 98.40 level. FX markets remained range bound overnight after data showed US CPI rose 2.7 y/y in November, the lowest since July, below forecast of 3.1 and 3 reported for September. Annual core inflation came in at 2.6, the lowest since March 2021, compared to forecasts of 3.

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