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Rupee Closed Stronger Supported By Good Domestic Economic Statistics

WikiFX
| 2023-12-04 19:40

Abstract:# trading range for the day is 83.25-83.47.# Rupee closed stronger aided by robust domestic economic

# trading range for the day is 83.25-83.47.

# Rupee closed stronger aided by robust domestic economic data and slight weakness in the greenback.

# The S&P Global (NYSE:) India Manufacturing PMI rose to 56.0 in November 2023 from October\\'s 8-month low of 55.5

# India\\'s economy grew better than expected in the second quarter of FY24

# trading range for the day is 90.66-91.14.

# Euro dropped after Eurozone inflation came in broadly below expectations

# Euro zone factory downturn eased a touch in November – PMI

# Euro zone economic sentiment inches up in November

# trading range for the day is 105.08-105.78.

# GBP steadied amid sluggish US Treasury yields, and hawkish BoE commentary continues to underpin the sentiment.

# The S&P Global/CIPS UK Manufacturing PMI was revised upward to 47.2 in November 2023

# Governor Andrew Bailey stated on that the central bank would take necessary measures to bring inflation down to its 2% target.

# trading range for the day is 56.36-56.76.

# JPY dropped in the wake of the recent less-hawkish remarks by Bank of Japan (BoJ) officials.

# Japan factory activity shrinks the most in 9 months

# Japans unemployment rate unexpectedly was at 2.5% in October 2023, compared with market forecasts and a September reading of 2.6%.

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