USD INR (APR– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.6500 with a SL 54.5000 possible targets of 54.8500/54.9800/55.1000.
EUR INR (APR – Expiry)
Euro might fall further as technically looking weak.
Sell below 70.0000 with a SL 70.1000 possible targets of 69.8875/69.7625/69.6300.
OR
Buy above 70.1000 with a SL 70.0000 possible targets of 70.2700/70.3700/70.5000.
Currency Headlines
Won falls on North Korean war threat.
Won is hovering near six month low North Korean war threat which is receding the demand of the Korean assets. The won weakened 0.3 percent to 1,121.34 per dollar as of 12:34 p.m. in Seoul, earlier touching 1,123.34, the lowest level since Sept. 20. The currency slid 0.3 percent yesterday after North Korea said it will restart the Yongbyon nuclear site, which was shut down in 2007 as part of an agreement reached in six-nation talks aimed at persuading the country to scrap its atomic weapons program.
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.6500 with a SL 54.5000 possible targets of 54.8500/54.9800/55.1000.
EUR INR (APR – Expiry)
Euro might fall further as technically looking weak.
Sell below 70.0000 with a SL 70.1000 possible targets of 69.8875/69.7625/69.6300.
OR
Buy above 70.1000 with a SL 70.0000 possible targets of 70.2700/70.3700/70.5000.
Currency Headlines
Won falls on North Korean war threat.
Won is hovering near six month low North Korean war threat which is receding the demand of the Korean assets. The won weakened 0.3 percent to 1,121.34 per dollar as of 12:34 p.m. in Seoul, earlier touching 1,123.34, the lowest level since Sept. 20. The currency slid 0.3 percent yesterday after North Korea said it will restart the Yongbyon nuclear site, which was shut down in 2007 as part of an agreement reached in six-nation talks aimed at persuading the country to scrap its atomic weapons program.
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