Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 84.80-87.50 1.1000-1.1800 1.3100-1.3800 140.00-160.00 0.7800-0.8600
Sentiment against USD Negative Positive Positive Negative Negative
Forecast for the day 85.75-86.25 1.1670-1.1710 1.3680-1.3720 143.50-145.50 0.8025-0.8090

Rupee opened higher at 85.92 levels, and is likely to trade with an upward bias today tracking the other Asian currencies today. Equity market benchmarks are trading about 0.2 higher in early trades.


DXY is trading lower at 97.30 level today. The US dollar index fell to its lowest level in more than three years, as easing geopolitical tensions, expectations of Federal Reserve rate cuts, and rising fiscal concerns weighed on the currency.


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