- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/INR Price News: Indian rupee stays defensive below 75.00 on downbeat USD
USD/INR Price News: Indian rupee stays defensive below 75.00 on downbeat USD
- USD/INR struggles to keep rebound from two-week low.
- India vaccinates 1.0 billion population, US stimulus in the pipeline.
- US Treasury yields fail to underpin greenback strength despite Fed tapering chatters.
USD/INR fades bounce off a fortnight low, mildly bid around 74.87 heading into Thursday’s European session. The Indian rupee (INR) pair snaps two-day downtrend despite firmer fundamentals from India, the reason could be linked to the broad US dollar weakness.
India officially vaccinated over 1.0 billion people and takes a sigh of relief from the pandemic risk, at least for now. In addition to the strong jabbing, recent declines in the COVID-19 numbers and the virus-led data also favor the INR bulls. As per the latest data, coronavirus fatalities eased from 197 to 160 whereas the active cases dropped the most in a day since March the previous day.
On the other hand, the US Dollar Index (DXY) fails to benefit from the consolidation in the market sentiment, printing a seven-day downtrend to a fresh three-week low near 93.50 by the press time. That being said, the US 10-year Treasury yields remain firm around 1.67%, up three basis points (bps) to refresh the highest levels since May.
It should be noted that Evergrande’s ability to secure a one-month extension to the defaulted $260 million bond contrasts trade-off risk emanating from China’s property stress cited by the global rating agency Fitch to confuse traders. Tapering signals from Federal Reserve Governor Randal Quarles and Cleveland Fed President Loretta Mester have been the latest to pump the US 10-year Treasury yields.
As a result, USD/INR traders should wait for a clear direction and hence Friday’s preliminary reading of October’s activity numbers will be the key catalysts to watch.
Technical analysis
Unless crossing a seven-day-old descending resistance line near 75.15, USD/INR bears remain directed towards an upward sloping support line from early September, around 74.50 by the press time.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
