Currencies

Rupee Slipped Mirroring The Fall In Asian Currencies


# trading range for the day is 82.53-83.15.
# Rupee slipped mirroring the fall in Asian currencies ahead of the U.S. inflation report, while importer-led demand for the greenback weighed.
# The annual inflation rate in the US slowed to 7.1% in November of 2022, the lowest since December.
# India’s annual retail price inflation eased to 5.88% in November of 2022, the lowest reading since December last year

# trading range for the day is 87.01-87.65.
# Euro appreciated above $1.06 hitting its strongest since mid-June, as investors welcomed weaker-than-expected US CPI data
# German inflation rate confirmed at 10% in November
# Eurozone investor sentiment rises to 10-month high

# trading range for the day is 101.09-102.31.
# GBP rose as gains following UK employment data, while eyeing key policy meetings later this week
# UK jobless rate inches up to 3.7%
# UK wage growth below forecasts

# trading range for the day is 60.02-60.54.
# JPY dropped as investors avoided making big bets ahead of key US inflation data that could influence the rates outlook
# BOJ Governor Kuroda has constantly insisted on the need to maintain the bank’s massive stimulus until the 2% inflation target is sustainably achieved.
# The business survey index of large manufacturing firms in Japan posted at -3.6% in the fourth quarter of 2022.



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