Kedia Commodities
Published on, 26/07/2017 8:58:37 AM

JPYINR

* JPYINR trading range for the day is 57.89-58.48.

* JPY dropped as the dollar gained in light trade ahead of lagging central bank minutes from Japan and attention on the Fed's policy review decision on Wednesday.

* Japan's leading index increased less than initially estimated in May, latest figures from the Cabinet Office showed.

* The manufacturing sector in Japan continued to expand in June, albeit at a slightly slower pace, the latest survey from Nikkei revealed.

 

 

Kedia Commodities
Published on, 26/07/2017 8:58:13 AM

GBPINR

*  GBPINR trading range for the day is 84.13-84.5.

* GBP recovers from lows after ministers talked up a transitional deal to smooth Britain's exit from the European Union.

* The UK budget deficit widened more-than-expected in June as debt interest increased notably after inflation lifted the cost of index-linked bonds.

* The squeeze on UK household finances intensified in July, data compiled each month by IHS Markit.

 

Kedia Commodities
Published on, 26/07/2017 8:57:59 AM

EURINR

* EURINR trading range for the day is 75.18-75.84.

* Euro remained supported with traders skeptical that this week's U.S. Federal Reserve meeting would do much to alter the greenback's recent weak trend.

* German import prices increased at the slowest pace in seven months in June, data from Destatis showed.

*  Eurozone private sector started the third quarter on a solid footing, but the pace of growth slowed for the second successive month in July.

 

Kedia Commodities
Published on, 26/07/2017 8:57:42 AM

USDINR

* USDINR trading range for the day is 64.58-64.74.

* Rupee depreciated for second straight day on selling by oil importers amid intervention by the Reserve Bank of India in the spot market.

* Pressure also seen on reports that government may not adhere to the fiscal path recommended by the NK Singh Committee.

* Merchandise exports for June came in at $23.56 billion, up 4.39 percent from a year ago

 

Kedia Commodities
Published on, 25/07/2017 8:46:29 AM

JPYINR

* JPYINR trading range for the day is 57.88-58.33.

*  JPY gains as dollar dropped as U.S. political turmoil dampened hopes for quick passage of President Donald Trump's stimulus and tax reform agendas

* Growth in Japan's manufacturing activity slowed for the second straight month in July, a preliminary private survey showed ay, as export demand stagnated.

* The manufacturing sector in Japan continued to expand in June, albeit at a slightly slower pace, the latest survey showed.

Kedia Commodities
Published on, 25/07/2017 8:46:12 AM

GBPINR

* GBPINR trading range for the day is 83.62-84.19.

* GBP remained firm as the odds of possible early U.K. tightening ebbed and dollar remained under pressure as doubts persisted about the Trump administration's economic agenda.

* IMF lowers 2017 UK growth outlook to 1.7% vs 2% in April

* The UK budget deficit widened more-than-expected in June as debt interest increased notably after inflation lifted the cost of index-linked bonds.

Kedia Commodities
Published on, 25/07/2017 8:45:50 AM

EURINR

* EURINR trading range for the day is 74.75-75.37.

* Euro remained in range as the dollar dipped amid renewed political uncertainty in Washington.

* The Eurozone economy is forecast to expand at faster than expected pace, according to the Survey of Professional Forecasters published by the European Central Bank.

* Unconventional monetary policy tools used since the global financial crisis are unlikely to remain necessary as the global economy and central banking normalize, ECB’s Mersch said.