USD INR (NOV– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 54.0500 with a SL 54.2000 possible targets of 53.8000/53.7000/53.5500.
EUR INR (NOV – Expiry)
Euro might fall further as technically looking weak.
Sell below 69.8700 with a SL 69.9700 possible targets of 69.7000/69.6075/69.4500.
OR
Buy above 69.9700 with a SL 69.8700 possible targets of 70.1000/70.2000/70.3500.
Currency Headlines:>>>>>>>>>>>
Asian currencies strengthen on global economic optimism.
Asian currencies are hovering near eight months high as the global economies have started showing the signs of recovery. Chinese manufacturing and South Korean exports have rose for the first time in four months indicating inherent strength in the Asian economies. Taiwan’s dollar advanced 0.1 percent to NT$29.227 against the greenback as of 12 p.m. local time, according to prices from Taipei Forex Inc. India’s rupee appreciated 0.1 percent to 53.765 and South Korea’s won traded at 1090.43 versus 1,090.70 yesterday. Indonesia’s rupiah fell the most in three weeks, declining 0.2 percent to 9,631, as a report showed the nation’s exports contracted for a sixth month. Emerging-market bond funds attracted $44.2 billion this year through Oct. 24, compared with $15.9 billion in all of 2011, according to U.S. data research firm EPFR Global. Thailand’s baht and Malaysia’s ringgit weakened 0.1 percent to 30.71 per dollar and 3.0512, respectively. Vietnam’s dong was little changed at 20,850.
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 54.0500 with a SL 54.2000 possible targets of 53.8000/53.7000/53.5500.
EUR INR (NOV – Expiry)
Euro might fall further as technically looking weak.
Sell below 69.8700 with a SL 69.9700 possible targets of 69.7000/69.6075/69.4500.
OR
Buy above 69.9700 with a SL 69.8700 possible targets of 70.1000/70.2000/70.3500.
Currency Headlines:>>>>>>>>>>>
Asian currencies strengthen on global economic optimism.
Asian currencies are hovering near eight months high as the global economies have started showing the signs of recovery. Chinese manufacturing and South Korean exports have rose for the first time in four months indicating inherent strength in the Asian economies. Taiwan’s dollar advanced 0.1 percent to NT$29.227 against the greenback as of 12 p.m. local time, according to prices from Taipei Forex Inc. India’s rupee appreciated 0.1 percent to 53.765 and South Korea’s won traded at 1090.43 versus 1,090.70 yesterday. Indonesia’s rupiah fell the most in three weeks, declining 0.2 percent to 9,631, as a report showed the nation’s exports contracted for a sixth month. Emerging-market bond funds attracted $44.2 billion this year through Oct. 24, compared with $15.9 billion in all of 2011, according to U.S. data research firm EPFR Global. Thailand’s baht and Malaysia’s ringgit weakened 0.1 percent to 30.71 per dollar and 3.0512, respectively. Vietnam’s dong was little changed at 20,850.
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