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Rupee Ended Marginally Higher Aided By A Slight Uptick In The Chinese Yuan

WikiFX
| 2024-01-25 20:14

Abstract:# trading range for the day is 83.08-83.2.# Rupee ended marginally higher aided by a slight uptick i

# trading range for the day is 83.08-83.2.

# Rupee ended marginally higher aided by a slight uptick in the offshore Chinese yuan and a pullback in the .

# HSBC India Composite PMI rose to 61.0 in January 2024, indicating strong growth in the private sector

# HSBC Flash India Manufacturing PMI rose to 56.9 in January 2024, indicating the strongest growth in the factory sector in four months.

# trading range for the day is 90.19-90.91.

# Euro gains as traders digest data indicating a slight easing in Eurozone business activity downturn

# Eurozone private sector contracted the least since last July, with the manufacturing downturn easing

# HCOB Germany Manufacturing PMI increased to 45.4 in January, the highest in eleven months.

# trading range for the day is 105.27-106.45.

# GBP gains as investors anticipate Bank of England rate cuts later than Euro Area and US

# Smaller-than-expected budget deficit in December potentially allows for tax cuts in the March budget

# UK retail sales decline sharply, inflation rate increases, raising the risk of recession.

# trading range for the day is 56.08-56.66.

# JPY gains supported by BOJ comments on phasing out stimulus and raising interest rates

# Larger-than-expected rise in Japan\\'s exports and geopolitical tensions also support JPY

# BoJ lowers forecast for core consumer prices, tempering hopes for tightening policy.

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