USDINR
On Wednesday, The Rupee likely to commence session with in range between 72.83 – 73.93 levels as greenback dollar clung to small gains from overnight, edging back from near a five-month trough versus major peers, as a pick-up in U.S. manufacturing kept bets alive for a quicker normalization of Federal Reserve policy.
Last Trading session USDINR witnessed 40 pips handsome gain after weak GDP data , pair completely ignore domestic (Nifty 50) market new all-time high.
Day Trend: - GETTING SUPPORT FROM LOWER LEVELS.
INTRADAY RANGE – 72.25 (72.67 – 73.08) 73.50
USDCAD
Canadian dollar was at C$1.20590 per greenback after rallying to a fresh six-year peak of C$1.2007 overnight as oil rose.
MEXICO
Remittances to Mexico jumped almost 40% in April, posting the sharpest increase in nearly two decades after taking a hit at the outset of the coronavirus pandemic last year.
The cash sent from abroad reached $4.05 billion in April, a rise of 39.1% from $2.91 billion the same month in 2020, when uncertainty sparked by the pandemic dented the flow of transfers. The percentage jump was the biggest since 2003.
GBPZAR
South African Joblessness Rises to Highest Level Since 2008 The Pound South African Rand held steady today despite South Africa’s unemployment level rising to a new high at 32.6% in the first quarter of this year. The pairing is currently trading around R19.53.
ASIAN MARKET
Asia Pacific Indices were mostly up on early morning, with Australia reporting a better-than-expected GDP. Investors also remain concerned about the U.S. Federal Reserve withdrawing stimulus measures earlier than expected as the economic recovery from COVID-19 continues ahead of economic data due to be released on Friday.
ASX 200/KOSPI/Nikkei 225 up, Shanghai Composite fell.
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