Currencies Outlook by PINC Research
USD/INR made a stellar come back after recouping from the lows of around 44.00. Conitinuing to remain above 44.80 could mean more upsides till 45.20 or more.
Euro/Dollar remained subdued in line with our earlier view. This move should persist as long as it stays below 1.4300.
Dollar/Yen also made a reversal of sorts from the lows of around 77.00. Its sharp pmove suggests it could be making a base from hereon. A decisive move beyond 79.00 can take it closer to 81.00 in the coming weeks.
DXY dilly dallies in a range of 74.00 and 76.00. A decisive breakout above 76.00 can result in further advances. A breakdown below 74.00 could result in a dragging southbound move.