USDINR Intraday Outlook : 31.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Us dollar index is trading at 100.41, rebounding from lows of 99.80 in yesterday’s session. US dollar has strengthen against majors after mildly hawkish comments from Cleveland Fed President Loretta Mester and San Francisco Fed President John William, offset CNBC reported which stated that the Trump administration is “assessing the scope of its power to penalize countries whose currencies it believes are undervalued”. Better than expected US Q4 GDP numbers added some more boost to US dollar. Initial jobless claims data was reported below expectations but had no impact. Looking ahead, in terms of economic data we have Personal spending and Core PCE Price Index numbers due to be reported and FOMC member Dudley, Kashkari and Bullard are scheduled to speak later this evening.