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Rupee Stayed in Range Amid Dollar Demand From Importers and Equity-Related Outflow

WikiFX
| 2023-08-31 19:34

Abstract:# trading range for the day is 82.6-83.# Rupee remained in range amid dollar demand from importers a

# trading range for the day is 82.6-83.

# Rupee remained in range amid dollar demand from importers and equity-related outflows

# The US economy grew at an annualized rate of 2.1% in the second quarter of 2023

# India\\'s inflation rate will remain above the \\'s upper tolerance band of 6% at least until October.

# trading range for the day is 89.87-90.47.

# Euro seen supported as signs that the US economy may be cooling

# The economic sentiment indicator in the Euro Area declined for the fourth consecutive month to 93.3 in August 2023

# The consumer confidence indicator in the Euro Area was confirmed at -16 in August 2023.

# trading range for the day is 104.28-105.16.

# GBP gains as markets continued to assess the likelihood of less hawkish central banks.

# Traders await comments by BOEs Pill for more direction on the central bank\\'s next move.

# Traders are currently betting on a more than 90% chance of a 25 basis point hike from the Bank of England.

# trading range for the day is 56.45-57.23.

# JPY gains as softer-than-expected US economic data bolstered bets that the Fed will likely hit the brakes on its interest rate hikes.

# BOJ policymaker signals chance of policy tweak early next year

# The consumer confidence index in Japan unexpectedly declined to 36.2 in August of 2023 from 37.1 in the previous month.

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