Thursday, 25 January 2018

 Good Morning!

Asian market trading near the record highs, after a choppy session in US equities as concerns about the Trump administration's protectionist stance, cast a shadow on financial markets
The U.S. dollar index,, had a crushing day after violating 90 levels against peers after caving on comments by U.S. Treasury secretary Steven Mnuchin that he welcomed a weaker currency, while the Sterling and euro climbed to fresh highs, ahead of the European Central Bank’s policy decision.

Dollar-rupee expected to open depreciating note near 63.54 against the previous closing of 63.69 and expected to trade in a range of 63.35-63.75 for the day, bias towards the weaker side, with DXY, & equities likely to drive the pair.

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