Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 84.80-87.50 1.1200-1.2000 1.3200-1.4000 140.00-160.00 0.7800-0.8600
Sentiment against USD Negative Positive Positive Negative Neutral
Forecast for the day 85.45-85.90 1.1650-1.1775 1.3555-1.3635 146.00-147.25 0.7930-0.7995

Rupee opened marginally higher at 85.61 levels against previous closing of 85.69 levels. Equity market benchmarks are trading about 0.1 higher today.


DXY is trading higher at 97.34 level today. The dollar index held steady around 97.5 on Wednesday as traders weighed the latest FOMC minutes and developments on the trade front. Minutes from the Federal Reserve’s June meeting showed most officials still expect to cut rates this year, though views remain divided—some see a cut as soon as July, while others believe no reductions are warranted. Officials were also split on the inflationary impact of tariffs.

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