Forex Market News

EURINR – Ways2Capital

EURINR trading range for the day is 78.55-79.18.
Euro dropped as the dollar steadied as risk aversion sparked by concerns over a worsening trade feud between Washington and Beijing ebbed.
ECB President Draghi reiterated that the bank will adopt a patient approach to tightening policy and stands ready to adjust all its policy tools when needed.
The bank also signaled that the interest rates will remain at their present levels through the summer of 2019.
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GBPINR – Ways2Capital

GBPINR trading range for the day is 89.49-89.97.
GBP dropped as concerns about an escalating trade dispute between the world’s two biggest economies weighed on risk appetite.
With all eyes focused on BOE’s policy decision, in which it is expected to unveil its monetary policy stance for the rest of the year after a run of mixed data
Prime Minister Theresa May’s Brexit plans were rejected by parliament’s upper chamber on Monday, setting up a confrontation with pro-EU lawmakers later this week.
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GBPINR trading range for the day is 89.49-89.97.
GBP dropped as concerns about an escalating trade dispute between the world’s two biggest economies weighed on risk appetite.
With all eyes focused on BOE’s policy decision, in which it is expected to unveil its monetary policy stance for the rest of the year after a run of mixed data
Prime Minister Theresa May’s Brexit plans were rejected by parliament’s upper chamber on Monday, setting up a confrontation with pro-EU lawmakers later this week.
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or mail us here: info@ways2capital.com
✆ – 0731-6626191 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
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JPYINR – Ways2Capital

JPYINR trading range for the day is 61.47-62.59.
JPY dropped as the greenback was broadly stronger after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods.
BoJ Minutes: Most members said it is appropriate to stop giving projected timing
BoJ Minutes: Some members said vital to keep monitoring side effects of easing, excessive attention to forecast not appropriate.
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Indian Rupee Opens Higher By 28 Paise At 68.10 Per Dollar

The Indian rupee opened higher by 28 paise at 68.10 per dollar on Wednesday versus previous close 68.38.
Near-month dollar-rupee June contract on the NSE was at 68.40 in the previous session. June contract open interest increased 7.27% in the previous day, said ICICIdirect.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added.

 

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USDINR – Ways2Capital

USDINR trading range for the day is 67.87-68.7.
Rupee ended at four-week low as overseas portfolio investors pulled out from local equity spooked by escalating trade tension between the US and China.
RBI is expected to raise interest rates again in the final three months of this year, but over one-third of them predicted a hike as early as at the next meeting in August.
Accelerating inflation and India retaining top spot as the fastest-growing major economy prompted the RBI to lift the repo rate by 25 basis points to 6.25 percent.
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EURINR – Ways2Capital

EURINR trading range for the day is 78.63-79.56.
Euro trading in range as dollar seen some pressure after U.S. President Trump’s threats of additional tariffs on China raised worries about an escalating trade war.
ECB’s Draghi says soft patch may last longer than implied in the forecasts ECB Draghi says did not discuss when to raise rates.
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JPYINR – Ways2Capital

JPYINR trading range for the day is 61.7-62.64
JPY rose as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war.
Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, fuelling trade war worries with Beijing.
Bank of Japan maintained its monetary stimulus and lowered its inflation forecast, even as other major central banks resorted to tightening this week.
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