USDINR
On Wednesday, The domestic unit very much likely to commence between 81.95-82.05 levels against greenback as dollar firm in early Asia trade following surprisingly strong U.S. housing data.
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USDINR TECHNICAL
Day Trend: - BUY ON DIP
Weekly Trend: - HOLD
INTRADAY RANGE – 82.29 (82.14 – 81.99) 81.84
THE FX MARKET
The greenback marginally stronger against euro overnight and steady early in the Asia session.
The yen weak at 141.50 per dollar ahead of an appearance by Bank of Japan Governor Kazuo Ueda on Wednesday.
The yuan fell overnight and in offshore trade early on Wednesday the currency was pinned at 7.1891 per dollar, near a seven-month low.
The Aussie had taken a further beating less-hawkish-than-expected central bank minutes following this month's rate hike. It fell 0.89% overnight and last bought $0.6788.
The New Zealand dollar was dragged lower in sympathy, breaking below its 50-day moving average before steadying just above its 200-day moving average.
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