Quick Look: USD/INR Near Record High: The exchange rate nears an all-time high of 83.7190 due to USD strength. US Dollar Strength: Driven by risk aversion and rising US Treasury yields, tempered by weak labour data. RBI Intervention: Potential central bank actions to support the Rupee may prevent further depreciation. As the USD/INR exchange rate …
USD/INR Nears Record High of 83.7190 Amid Market Turbulence Read More »
Quick Look: Currency Movements: The Indian Rupee recovered against the USD ahead of key PMI data from India and the US. Recent Price Changes: USD/INR saw its biggest weekly drop over two months due to month-end USD demand from importers. Significant Developments: Potential BJP victory in India’s election could strengthen the INR, with the RBI …
Indian Rupee Slides Before Key PMI Data and Election Results Read More »
Interestingly, after a strong decline, the U.S. Dollar found support near 0.8870 against the Swiss Franc. It is worth noting that USD/CHF exceeded the 0.8920 resistance. This is not the end of the story as it could face hurdles near 0.9000. Let’s have a look at the 4-hour chart. As can be seen from the …
U.S. Dollar Strengthened its Position Against Swiss Franc Read More »
On December 28, the rupee appreciated 6 paise to close at 73.49 against the U.S. dollar, tracking weakness in the American currency and positive domestic equities. According to traders, the sustained foreign fund inflows also boosted the rupee. At the interbank forex market, the domestic unit opened at 73.52 versus the greenback. Its intraday high …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB The bears are in full control of the crude oil this week. This will be the main driver of the pair’s bearish track in the near-term as the coronavirus continues to take over …
Daily Market Charts and Analysis November 02, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCHF The forex market is in a correction. The pair is projected to continue its unexpected upwards track as investors await the Swiss National Bank’s monetary policy decision on Thursday. The central bank has …
Daily Market Charts and Analysis September 23, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB Russia’s opposition leader Alexei Navalny of Germany was poisoned last week, and now the biggest economy in Europe is calling for new economic measures against Moscow. Berlin’s announcement that the poison with a …
Daily Market Charts and Analysis September 04, 2020 Read More »
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Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR After the pair reached its resistance level, bears have stepped on their gas pedals to prevent the US dollar from running away. As of writing, it’s clear that both sides are still struggling …
Daily Market Charts and Analysis August 14, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDINR The Indian rupee is on the defensive against the US dollar. And despite the broader weakness faced by the greenback, the rupee is significantly weaker. Hence, signs say that the trading pair will …
Daily Market Charts and Analysis August 04, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDSEK The downtrend continues to drag bullish investors. The US dollar to Swedish krona trading pair is widely predicted to crash to its lowest level since April 2018 the pandemic continues to take shots …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR The increase in USD reserves by South Africa will help it to continue its strength against the greenback in coming sessions. SA saw a huge jump in its dollar reserves in the second …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCHF The Swiss franc momentarily weakened after the news about the Swiss National Bank’s monetary policy decision this June. The pair is seen struggling to gain proper momentum this Friday. Luckily for bearish investors, …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR The South African rand takes advantage of the confusion and the risk appetite to gain against the US dollar. However, with the escalating tension in Hong Kong, the heightening US-China trade war, and …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR Thanks to the adjustment in South Africa’s lockdown, which allowed some industries to continue operating, the US dollar to South African exchange rate eases. The move allows the rand to keep the greenback …
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