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Rupee Closed Higher, Boosted By Dollar Inflows, Despite Asian Counterparts Falling

WikiFX
| 2024-01-08 19:53

Sommario:# trading range for the day is 83.12-83.38.# Rupee closed stronger supported by dollar inflows even

# trading range for the day is 83.12-83.38.

# Rupee closed stronger supported by dollar inflows even as its Asian peers slipped

# The US economy added 216K jobs in December, compared to 173K in November and market expectations of 170K

# The S&P Global (NYSE:) India Composite PMI rose to 58.5 in December 2023 from 57.4 in November

# trading range for the day is 90.62-91.38.

# Euro dropped as investors consider the impact of recent inflation and PMI data on monetary policy.

# Inflation in the Euro Area rose to 2.9%, lower than the expected 3%, driven by energy base effects.

# Retail sales in Germany dropped by 2.5% month-over-month in November 2023, the biggest decline since April 2022

# trading range for the day is 104.98-105.92.

# GBP remained under pressure as investors anticipate a mild recession in the United Kingdom.

# The Halifax House Price Index rose by 1.7% year-on-year in December 2023

# The S&P Global UK Construction PMI increased to 46.8 in December 2023, up from November\\'s 45.5

# trading range for the day is 57.33-57.95.

# JPY dropped amid reduced bets for a BoJ policy shift in January

# The au Jibun Bank Japan Services PMI was revised lower to 51.5 in December 2023

# The au Jibun Bank Japan Composite PMI was revised downward to 50.0 in December 2023.

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