Jaiinfoway USDINR Holds Ground as Traders Eye US CPI Data and Strong Dollar Dynamics
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USD/INR HOLDS GROUND AS TRADERS EYE US CPI DATA AND STRONG DOLLAR DYNAMICS GBP/USD Maintains Mild Upside Around 1.3075 Amid Fed Rate Speculation and BoE Caution GBP/USD holds a slight positive bias around the 1.3075 Thursday's Asian session but lacks strong bullish momentum. level during The US Dollar (USD) consolidates its recent gains, supported by expectations of a 25 basis point rate cut from the Federal Reserve Meanwhile, dovish signals from the Bank of England (BoE) weigh on the British Pound (GBP). in November. With upcoming US CPI and PPI data, traders remain cautious as further downside for the GBP/USD pair seems possible.
USD/INR Holds Firm Ahead of US CPI Release Amid Strong Dollar and Domestic Pressures The Indian Rupee (INR) remains under pressure, trading on a weaker note on Thursday, influenced by a stronger US Dollar (USD) and muted domestic market trends. However, strong Indian macroeconomic fundamentals, along with the inclusion of government bonds in global indices, could attract foreign investors, providing support for the INR. The market s focus is on the upcoming US Consumer Price Index (CPI) inflation data Reserve commentary, which could further impact USD/INR movement in the coming sessions. and Federal Gold Price Ticks Higher Ahead of US CPI Report, Cautious Optimism as Fed Policy Remains Key Focus Gold (XAU/USD) edges higher during Thursday's Asian session, snapping a six- day losing streak as traders await the US Consumer Price Index (CPI) report. The US Dollar consolidates, offering gold some relief. Read more about us- However, cautious stance on aggressive rate cuts, the precious metal's upside remains limited. Technical indicators suggest gold needs a decisive break below the $2,600 mark to confirm further declines, while immediate resistance near $2,635 could cap gains in the near term. with the Federal Reserve's Website- www.jaiinfoway.com Contact Number- +1 (786) 786-7229 Linkedin- Jaiinfoway Email- info@jaiinfoway.com
