Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 84.80-87.50 1.1200-1.2000 1.3200-1.4000 140.00-160.00 0.7800-0.8600
Sentiment against USD Positive Negative Negative Positive Positive
Forecast for the day 85.45-85.85 1.1725-1.1840 1.1725-1.1840 144.25-145.75 0.7935-0.7960

Rupee opened lower at 85.57 levels against Friday’s closing of 85.40 levels. Equity market benchmarks are trading flat in opening trades.

 
DXY is trading at 97.18 level. US markets were closed on Friday. Over the weekend, the White House signed the sweeping tax cuts and spending bill into a law. Experts are of the view that the new law will increase the federal budget deficit by $3 trillion adding to the longer-term risks.

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