USDINR
On Wednesday, USDINR likely to start session within weaker note between 73.75 / 73.85, pair seems play in range before RBI Governor press conference.
Day Trend: - PAIR IN OVERSOLD, WAIT FOR BUYING.
INTRADAY RANGE – 73.52 (73.72 – 73.94) 74.15
EURUSD
Clear signs are emerging that the global economy is now expanding rapidly after the sharp contraction caused by the coronavirus pandemic, and that should mean more losses for the safe-haven US Dollar and more gains for the currencies traders turn to when sentiment improves – the Euro included.
NZDUSD
New Zealand dollar blipped higher to $0.7160 when local jobs data proved strong than expected.
EURGBP
Euro Pound (EUR/GBP) Exchange Rate Falls as UK Manufacturing PMI Hits its Highest Level since 1994.
USDZAR
South African Rand has ridden the wave of “risk-on” sentiment similar to many Emerging Market currencies. The country’s long-term structural challenges continue to occupy news headlines, but the Rand’s status as an EM currency has managed to shield it against some of this negativity.
USDSGD
The US Dollar continues to remain under pressure against the Singapore Dollar, but the latter faces its next key technical test against the former. USD/SGD is pressuring the 78.6% Fibonacci retracement at 1.3238, which is acting as key immediate support. There may be room for a bounce here, but it will remain to be seen if it will be enough to overturn March’s top.
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