Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 84.80-87.50 1.1200-1.2000 1.3200-1.4000 140.00-160.00 0.7800-0.8600
Sentiment against USD Negative Neutral Neutral Neutral Neutral
Forecast for the day 85.30-85.60 1.1650-1.1775 1.3650-1.3765 143.50-144.70 0.7975-0.8015

Rupee opened flat at 85.49 levels, as risk sentiment improved following announcement of Trade deal between US and China. President Trump also announced that they are close to a deal with India aiding to the sentiment. Equity market benchmarks are trading flat in early trades.


DXY is trading lower at 97.23 level today. The Dollar index edged up slightly, but still remains in the downtrend. President Trump commented that he would appoint a new Fed Chair by September or October who would be open to rate cuts –sending treasury yields lower amid increasing speculation of a rate cut in September.

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