Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 86.50-89.00 1.1400-1.1900 1.3000-1.3900 142.00-158.00 0.7800-0.8300
Sentiment against USD Negative Positive Positive Negative Positive
Forecast for the day 88.40-88.80 1.1450-1.1575 1.3010-1.3120 153.20-154.50 0.8070-0.8115

Rupee opened higher at 88.55 levels, supported by RBI intervention and gains in Asian currencies. However, the outlook remains cautious as global uncertainties and persistent foreign fund outflows continue to exert pressure on the currency. Equity market benchmarks are trading flat in early trades.


DXY is trading higher at 100.07 level. Global stocks and other risk assets came under pressure amid mounting concerns over stretched AI valuations, while warnings from major Wall Street bank CEOs about potential market drawdowns further weighed on risk appetite. The risk-off mood rippled into the crypto market, where Bitcoin briefly broke below the key 100,000 psychological level before recovering. Broader equity futures in both Europe and the U.S. also pointed lower, suggesting that the risk reset has yet to run its course.


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