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USD/INR
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EUR/USD |
GBP/USD |
USD/JPY |
USD/CHF
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Support-Resistance Levels
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45.30-45.80
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1.3400-1.3850
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1.5135-1.5440
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88.20-92.50
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1.0500-1.0900
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Sentiment against USD
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Negative
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Neutral
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Negative
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Negative
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Neutral
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Forecast for the day
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45.35-45.60
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1.3600-1.3750
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1.4950-1.5150
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90.00-91.10
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1.0625-1.0745
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- Rupee opened stronger at 45.43, after closing at 45.62 yesterday as a large corporate bought dollars to fund purchase of a stake in an overseas firm while losses in other regional peers piled pressure on the local unit. Meanwhile, food inflation cooled a tad to 17.81% during the last week of February. But overall inflation may not see much decline soon due to costlier motor fuels.
- Dollar and yen were still soft as market consolidated. US trade deficit came in narrower than expected at -37.3b in January. Exports dropped to $142.7b, while imports fell to $180b. Jobless claims remained elevated at 462k.
- Swiss Franc was mildly lower after SNB left three-month Libor target unchanged at 0.25% and reiterated its stance to "prevent excessive appreciation of the Swiss franc against the euro," which would "result in an undesired tightening of monetary conditions." Reactions to the announcement were mild.
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