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  • Writer's picturefxmethods

USDINR MONDAY PROJECTION

USDINR expected to start trading on weaker note on USA-CHINA tariff loom that makes greenback positive demand after Thursday finished at 75.11.


Intraday range - 75.26 (75.45 -75.85) 76.15


Intraday sentiment - Buy On Dip


MARKET FUNDAMENTALS

  • Dollar Index firm on trade war worries

  • Asian Indices weaker on USA - CHINA tension rise on Trade war worries

  • Hong Kong's Exchange Fund suffers $11 billion losses in first quarter

  • WTI drops 6% on fears of US-China trade tensions

  • South Korean drops to five-day lows near $1230 post-week data

  • Gold prices seesaw around $1,700 amid challenges to US-China trade deal

  • USD/CNH hits 6-week high on US-China tussle

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