Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 84.00-87.00 1.0900-1.1600 1.2700-1.3750 140.00-160.00 0.8000-0.8800
Sentiment against USD Neutral Neutral Neutral Neutral Neutral
Forecast for the day 85.60-85.95 1.1380-1.1480 1.3525-1.3630 143.25-144.30 0.8185-0.8225

Rupee opened marginally lower at 85.87 levels compared to its previous close of 85.81 levels.


DXY is trading lower at 98.78 level. US dollar index extended its decline on Thursday, its lowest level since April 21, as a fresh batch of economic data deepened concerns about the US economic outlook.Weekly jobless claims rose to 247K in the final week of May—the highest since early October 2024 and above expectations of 235K further signaling potential softening in the labor market.

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