Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 84.00-87.00 0.9800-1.1250 1.2500-1.3500 140.00-160.00 0.8200-0.9200
Sentiment against USD Positive Negative Negative Positive Positive
Forecast for the day 86.30-86.80 1.1450-1.1550 1.3380-1.3520 144.80-145.80 0.8120-0.8220

Spot rupee sharply weaker at 86.62/63 to a dollar level versus previous close of 86.73/74 previous close. The US Dollar is trading slightly weaker in the international markets while markets are focused on the Middle east conflict. Equity market benchmarks are trading about 0.3 higher in early trades.


DXY is trading steady at 98.64 level today. USD index is trading slightly weaker today as traders are nervous about the ongoing Middle East conflict. Drawing more countries into the conflict would cause crude oil supply disruptions as Iran threatens to block Hormuz. Crude prices have hit a 5-month high yesterday.

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