USDINR
On Tuesday, it seems Rupee will get some relief after the Dollar dips as UK budget U-turn improves market sentiment, USDINR is likely to commence between 82.15 – 82.25, and Dollar bulls appear to be pausing for breath after last week's red-hot U.S. inflation print reinforced bets of another aggressive rate hike at the next FOMC meeting in early November.
USDINR INTRADAY
Day Trend: - UPSIDE SELL
Weekly Trend: - UPSIDE SELL
INTRADAY RANGE – 82.47 (82.41 – 82.12) 81.98
THE UK
Britain's new finance minister ditched most of the government's "mini-budget", while better-than-expected earnings from Bank of America helped to boost risk appetite.
Jeremy Hunt, who was appointed finance minister by Prime Minister Liz Truss on Friday, reversed swathes of the 45-billion pound "mini-budget" that sparked market turmoil in which the pound hit record lows and the Bank of England was forced to intervene.
THE YEN
USD/JPY edged 0.1% lower to 148.85, not far off its 32-year low of 149.09 hit on Tuesday, with traders wary about further intervention as various Japanese authorities kept up their warnings to the market on Monday.
Japan last month intervened to buy the yen for the first time since 1998 after the Bank of Japan maintained ultra-low interest rates.
THE AUSTRALIA
The Reserve Bank of Australia expects to raise interest rates further over the coming months, the deputy governor said on Tuesday, noting that the bank can achieve a similar tightening in rates to its global peers through smaller hikes.
The RBA has already lifted its cash rate by 250 basis points to 2.6% since May and surprised markets earlier this month with a smaller-than-expected 25bp increase following four outsized moves of 50bp.
THE WALL STREET
U.S stock futures were trading higher during Monday’s evening deals after major benchmark indices rallied during regular trade as solid earnings results from major financial companies boosted sentiment.
コメント