Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 93.70-96.00 1.1250-1.2100 1.2800-1.3700 156.75-164.00 0.7400-0.8300
Sentiment against USD Neutral Positive Positive Negative Neutral
Forecast for the day 94.20-94.75 1.1575-1.1675 1.3470-1.3575 155.75-156.75 0.8060-0.8095

Rupee opened tad higher at 94.47 against yesterday’s closing of 94.50. Equity market benchmarks are trading higher. While Nifty is trading up 0.2 higher, BSE Sensex has gained 0.7 in early trades.


DXY is trading lower at 98.99 level despite rising crude oil prices. Data releases overnight were overall showing a slowing economy.


The latest US data point to an economy that is slowing but not weakening sharply. Employers announced 52,881 job cuts in August, although year-to-date layoffs remain 41 below last year. Initial jobless claims also stayed low at 206,000, suggesting the labour market is cooling mainly through weaker hiring rather than widespread layoffs.


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