Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 88.50-92.50 1.1250-1.2100 1.2800-1.3700 42.00-159.00 0.7600-0.8300
Sentiment against USD Positive Negative Negative Positive Negative
Forecast for the day 90.65-91.00 1.1695-1.1780 1.3290-1.3400 154.25-155.35 0.7935-0.7975

Rupee opened marginally lower at 90.80 levels despite improvement in the trade figures along with dollar weakness in overseas markets. Equity market benchmarks are trading about 0.2 lower today.


DXY is trading steady at 98.24 level. Data released overnight showed NY Empire State Mfg. index in the US dropped to -3.9 in December from a one-year high of 18.7 in November undershooting forecasts of 10, signaling a return to contraction.


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