USDINR
On Tuesday, The domestic unit trading firm likely to commence session between 82.50-82.60 levels as dollar sank to a three-week low after comments by Federal Reserve officials reinforced market expectations that the U.S. central bank is near the end of its tightening cycle.
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USDINR TECHNICAL
Day Trend: - UPSIDE SELL
Weekly Trend: - UPSIDE SELL
INTRADAY RANGE – 82.75 (82.63 – 82.51) 82.39
THE FOREX MARKET
The euro rose to three-month peaks of $1.1006 versus the dollar and last changed hands at $1.0995, up 0.25%.
The yen, the greenback fell as low as 141.00 yen, the lowest since June 21. It was last down 0.65% at 141.335.
The Norwegian crown firmed against the dollar and euro following Norway's inflation data. The dollar was last down 1% at 10.493, while the euro dropped nearly 1% to 11.5363. Norway's crown, the second-weakest performing currency in the G10 this year, strengthened after data showed core inflation continued to rise in June and hit a fresh record.
The Chinese yuan slumped against the dollar after weak inflation numbers in the world's second-largest economy. The weak Chinese data dragged down the Australian and New Zealand dollars, which are often used as liquid proxies for the Chinese Yuan.
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