TECHNICAL Impact
USD INR (JAN– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.6000 with a SL 54.4000 possible targets of 54.9000/55.0500/55.1900.
EUR INR (JAN – Expiry)
Euro might fall further as technically looking weak.
Sell below 72.8825 with a SL 72.9800 possible targets of 72.7400/72.6425/72.5300.
OR
Buy above 72.9800 with a SL 72.8825 possible targets of 73.1025/73.2000/73.3225.
Currency Headlines
Australian dollar falls on tumbling economic figures.
Australian dollar is hovering in bearish hand as the speculations have increased that the employment figures might disappoint the Australian investors. Australia’s jobless rate probably rose to 5.4 percent last month from 5.2 percent in November which might increase the pressure on Australian assets. The Australian dollar fell 0.1 percent to $1.0553 after rising 0.3 percent yesterday. It touched 94.66 yen, the highest since August 2008, before trading at 93.89, 0.7 percent below the close in New York. New Zealand’s currency, known as the kiwi, lost 0.3 percent to 84.06 U.S. cents. It slid 0.9 percent to 74.78 yen after earlier reaching 75.53, the strongest since September 2008. Australia’s 10-year bond yield was at 3.44 percent from 3.46 percent yesterday. New Zealand’s two-year swap rate, a fixed payment made to receive floating rates which is sensitive to interest-rate expectations, was unchanged at 2.82 percent.
USD INR (JAN– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.6000 with a SL 54.4000 possible targets of 54.9000/55.0500/55.1900.
EUR INR (JAN – Expiry)
Euro might fall further as technically looking weak.
Sell below 72.8825 with a SL 72.9800 possible targets of 72.7400/72.6425/72.5300.
OR
Buy above 72.9800 with a SL 72.8825 possible targets of 73.1025/73.2000/73.3225.
Currency Headlines
Australian dollar falls on tumbling economic figures.
Australian dollar is hovering in bearish hand as the speculations have increased that the employment figures might disappoint the Australian investors. Australia’s jobless rate probably rose to 5.4 percent last month from 5.2 percent in November which might increase the pressure on Australian assets. The Australian dollar fell 0.1 percent to $1.0553 after rising 0.3 percent yesterday. It touched 94.66 yen, the highest since August 2008, before trading at 93.89, 0.7 percent below the close in New York. New Zealand’s currency, known as the kiwi, lost 0.3 percent to 84.06 U.S. cents. It slid 0.9 percent to 74.78 yen after earlier reaching 75.53, the strongest since September 2008. Australia’s 10-year bond yield was at 3.44 percent from 3.46 percent yesterday. New Zealand’s two-year swap rate, a fixed payment made to receive floating rates which is sensitive to interest-rate expectations, was unchanged at 2.82 percent.
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