USDINR
The Domestic Unit (Rupee) likely to commence Friday session between 72.55 -72.65 levels against greenback as domestic equity market trading near all-time high on Covid19 cases slow down with death rate. Market expecting Indian state unlock process will start from 1st week of June ’21 with restriction.
Day Trend: - BEARISH BUT IN OVERSOLD TERRITORY.
INTRADAY RANGE – 72.23 (72.47 – 72.70) 72.94
GBPUSD
The Sterling held firm near a 3-month high against the dollar on rising expectations of an earlier than expected rate hike by the Bank of England, while the U.S. currency looks to upcoming inflation data.
The British pound hit at $1.4220 on Thursday after a Bank of England policymaker said the central bank was likely to raise rates well into next year.
Day Trend: - BULLISH.
INTRADAY RANGE – 1.4398 (1.4269 – 1.4140) 1.4011
EURUSD
The EURUSD stood at $1.2182, hovering below its 5 1/2-month high touched on Tuesday of $1.2266 as dovish comments from European Central Bank officials sapped its momentum ahead of its policy meeting on June 10.
Day Trend: - BULLISH BUT TREND CHANGING.
INTRADAY RANGE – 1.2254 (1.2213 – 1.2172) 1.2131
USDJPY
The yen was hampered also by concerns about a delay in Japan's economic recovery after media report that Japan is looking to extend a state of emergency in Tokyo and several other areas by three weeks to June 20.
USDCNY
The offshore Yuan fetched 6.3753 per dollar, having hit a 3 Yr. high of 6.36785 overnight on rising expectations the Chinese central bank is comfortable with a stronger currency amid the country's economic recovery.
T- BOND
U.S. yields rose overnight, with the benchmark 10-year Treasury yield up 3.1 basis points to 1.613%.
OIL
On Friday, Oil was up on early morning in Asia, ending the week by extending gains from the highest close in more than two years. Optimism as U.S. fuel demand continues to increase gave the black liquid a boost, even as concerns over a potential Iranian supply increase remained.
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