On Thursday, USDINR likely to start with mild positive note. On Wednesday domestic currency was slip due to greenback demand, intraday range was 75.56 – 75.8725. It seems from lower levels USDINR pair getting bullish sentiment.
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INTRADAY RANGE – 75.35 (75.52 – 75.92) 76.07
SENTIMENT –
IMPORTER BUY ON DIP
EXPORTER GO FOR PART POSITION ON UPPER LEVELS
GLOBAL HIGHLIGHTS
The dollar nursed broad losses on Thursday and riskier currencies held gains as investors looked to a bright recovery from the COVID-19.
wave of dollar liquidity, which eased a global credit crunch, has left Japanese and South Korean bonds reeling in its wake.
USD/JPY rallies on broad based USD strength in Tokyo.
Mexican peso bounces off eight-week top amid mixed catalysts.
Oil prices edged higher on Thursday after data showed U.S. crude inventories fell again, easing concern about a supply glut.
AUD/USD stays depressed below 0.6600 after RBA’s Lowe.
US Pres. Trump: China is on a massive disinformation campaign, it’s a disgrace.
China’s second wave shows stark changes, NZ considers four-day work week.
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