Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 92.50-95.25 1.1250-1.2100 1.2800-1.3700 150.00-162.50 0.7400-0.8300
Sentiment against USD Negative Negative Negative Positive Positive
Forecast for the day 92.95-93.95 1.1470-1.1570 1.3170-1.3250 158.95-159.80 0.7960-0.8000

The Indian rupee rose sharply this morning, gaining around 2 percent to trade at 93.16 levels in early sessions. This came after RBI’s stepped-up intervention aimed to reduce arbitrage flows that had been pressuring the rupee, as the central bank continued to manage concerns over India's current account amid weakness on the capital account.


DXY is trading higher at 99.94 level today. USD once again regained after US President Donald Trump in his address indicated that the war might extend further dashing hopes of an early exit. Crude prices and US bond yields surged higher.


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