Forex Market News

Buy USDINR Strategy 68.50 – 68.60; Target Of 68.95

US dollar index is trading at a 13 year high of 101.92 , gaining momentum after positive durable goods orders, manufacturing PMI and consumer sentiment . Markets were convinced of a rate hike from the US after the FOMC meeting minutes were released yesterday, which indicated the rates could go up very soon . US markets are closed today for thanksgiving but the dollar rally is set to continue into the FOMC meeting minutes in December.
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