USDINR
The domestic unit (Rupee) likely to commence between 83.05-83.15 levels against greenback as dollar index hovered near a two-month high on Thursday after Federal Reserve meeting minutes left the door open for more rate hikes and data this week indicated a resilient U.S. economy.
USDINR TECHNICAL
Day Trend: - HOLD
Weekly Trend: - UPSIDE SELL
INTRADAY RANGE – 83.39 (83.21 – 83.04) 82.86
THE BOE
Britain's headline inflation rate, key measures of price growth monitored by the Bank of England (BoE) failed to ease in July, boosting bets the BoE will keep rates higher for longer.
THE YEN
Japanese yen, which touched the key 145 level for the first time in about nine months last Friday, crossing into a zone that sparked an intervention by Japanese authorities in September and October last year.
BOJ reluctant to intervene right now, but I think at some point we're going to reach the uncle point on dollar-yen, and I think if it's not right now, it's definitely going to be at 150.
THE NORWEGIAN CROWN
The Norwegian crown rose from six-week lows against the dollar and the euro on Thursday after Norges Bank raised interest rates, as expected, and said it was likely to hike again in September.
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