CURRENCY OUTLOOK FOR THE DAY
Currency Rate* Trend Support Resistance
80.60 SIDEWAYS 80.35/80.15 80.95/81.20
1.3465 SIDEWAYS 1.3435/1.3405 1.3507/1.3535
98.65 SIDEWAYS 98.30/98.05 98.95/99.20
1.5982 SIDEWAYS 1.5947/1.5915 1.6025/1.6057
62.98 SIDEWAYS 62.63/62.44 63.17/63.36
84.77 SIDEWAYS 84.45/84.22 85.05/85.28
63.85 SIDEWAYS 63.63/63.43 64.16/64.36
100.65 SIDEWAYS 100.30/100.05 100.95/101.20
Note: The above levels are only for intraday trading.
Today’s Major Economic Releases
Time (IST) Currency Event Forecast Previous Adverse/Favourable/Neutral
11:30 EUR EUR German GfK Consumer Confidence Survey 7 6.9 Favourable
Major Market Update
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The yen and dollar held gains versus most major peers as stocks in Asia and the U.S.
dropped amid concern over budget talks that risk a federal government shutdown, sparking
demand for haven currencies.
China’s economy slowed this quarter as growth in manufacturing and transportation
weakened in contrast with official signs of an expansion pickup, a private survey showed.
The Reserve Bank of Australia urged the nation’s lenders to maintain loan standards as
record-low interest rates spur households’ investment appetite
Growing concern over the outlook for hiring and wages shook U.S. consumer sentiment
this month, raising the risk spending will contribute less to growth
The rupee weakened for a third straight session as the surprise rate hike by RBI last week
tempered down the effect of the US Fed's decision to not taper its monetary stimulus just
South Korea won erases early loss, edges higher amid foreign inflows