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  • Writer's picturefxmethods

WEDNESDAY - USDINR & GLOBAL OUTLOOKS!!

Updated: Jul 22, 2020

Again as trending , On Wednesday USDINR expecting commence trading with positive note but in range , Dollar index on back-foot ahead of FOMC outcomes as well as Dow Future trading firm.

  • Yesterday Rupee getting stiff resistance on upper levels, getting weakness on 75.4175 levels and rally up to 75.6750 levels before finished intraday trade at 75.6150 levels against greenback.

  • Delhi's infections of coronavirus will climb to more than half a million by the end of July and it does not have the hospital capacity to handle such an outbreak, the city state's deputy chief minister said on Tuesday.

  • Adani Green Energy Ltd said on Tuesday it had won a government contract to build solar plants in India with a total capacity of 8 gigawatts (GW) at a cost of $6 billion over the next five years.

INTRADAY RANGE - 75.18 ( 75.38 - 75.68 ) 75.85


GLOBAL HIGHLIGHTS

  • The dollar nursed losses against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields at its policy meeting.

  • The euro traded at $1.1334. Against the pound, the common currency bought 89.20 pence, on course for a second day of gains.

  • The Australian and New Zealand dollars pulled back slightly against the greenback but sentiment remained positive.

  • British pound, the greenback traded at $1.2713, close to a three-month low.

  • The yield on benchmark 10-year Treasury notes was little changed at 0.8253% on Wednesday.

  • Oil Retreats Over Waning Confidence in Global Economic Recovery.

  • Gold Extends $1,700 Run as Flight to Safety Re-emerges.

  • Chinese companies put U.S. listing plans on ice as tensions mount.

  • Investors brace for market swings as Trump slips in election polls.

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