Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 94.75-97.25 1.1050-1.2100 1.2800-1.3900 151.50.-160.00 0.7800-0.8600
Sentiment against USD Positive Neutral Neutral Positive Positive
Forecast for the day 96.10-96.65 1.1170-1.1275 1.3190-1.3285 158.00-158.90 0.8310-0.8350

The rupee opened flat with a negative bias at 96.42 this morning, as the greenback remained supported in international markets amid firm US treasury yields. Meanwhile, market participants await the RBI's monetary policy decision due later today. Domestic equity benchmarks were down around 0.7 in early trade, adding to the cautious sentiment.



DXY is trading slightly lower at 102.05 level. Economic numbers from the US were mixed. U.S. economic sentiment improved in October, with the Economic Optimism Index rising to 46.8 from 45.6, beating expectations of 44.5. The improvement in consumer financial and economic confidence provides modest support for the U.S. dollar.


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