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 42.00-159.00 0.7600-0.8300
Sentiment against USD Positive Negative Negative Positive Negative
Forecast for the day 90.35-90.80 1.1660-1.1775 1.3285-1.3390 154.70-155.90 0.7940-0.7980

Rupee started fresh week lower at 90.55 levels compared to previous close of 90.43 levels. Markets are now looking forward to the yearend movements amid a heavy load of economic data from the US and Central Bank meetings. Equity market benchmarks are trading about 0.4 lower in early trades.


DXY is trading steady at 98.40 level. US Dollar made a failed attempt to recover towards the end of the week despite verbal support from Fed officials Jeffrey Schmid and Austan Goolsbee who defended their dissent to last week’s Fed meeting.

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