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Rupee Ended Little Changed, Awaiting Fresh Cues For Directional Momentum

WikiFX
| 2024-01-29 20:14

Abstract:# trading range for the day is 83.14-83.28. # Rupee ended little changed, awaiting fresh cues for di

# trading range for the day is 83.14-83.28.

# Rupee ended little changed, awaiting fresh cues for directional momentum

# Core PCE prices in the US, rose by 2.9% on the year in December, the least since March 2021

# The US economy expanded 3.3% in Q4, way more than forecasts of 2%

# trading range for the day is 90.37-90.71.

# Euro dropped as euro zone business activity contracted in January

# European Central Bank kept interest rates unchanged at record-high levels

# Pledged to maintain restrictive levels to bring inflation back to 2% target

# trading range for the day is 105.26-106.46.

# GBP steadied after UK Composite PMI rose to 52.5 in January, the highest in seven months

# UK retail sales declined sharply, raising the risk of recession in Q4

# UK growth momentum improving, driven by expansion in the services sector

# trading range for the day is 56.19-56.51.

# JPY dropped as steadied as investors look forward to the fourth quarter gross domestic product

# The BoJ\\'s hawkish tilt could act as a tailwind for the JPY amid a subdued US Dollar price action.

# Japan\\'s top currency diplomat Masato Kanda said he was closely watching how central bank decisions.

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