Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 92.50-95.25 1.1250-1.2100 1.2800-1.3700 150.00-162.50 0.7400-0.8300
Sentiment against USD Neutral Negative Negative Positive Neutral
Forecast for the day 92.30-92.70 1.1640-1.1740 1.3350-1.3450 158.70-159.60 0.7885-0.7925

The rupee opened 10 paisa higher this morning at 92.57, though underlying pressures may keep the local unit in check. Meanwhile, equity market benchmarks are trading around 0.6 higher today.


DXY is trading steady at 98.94 level today amid increasing oil prices. Crude oil prices surged more than 8 as the fragile Ceasefire appears to be cracking as Israel attacked Lebanon and Iran countered by shutting down the Strait of Hormuz.

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