Karvy's research report on CurrenciesCurrenciesUSDINRUS dollar index is trading at 95.23 , losing some ground primarily against the Yen which appreciated after a delay in the planned service tax hike was announced . Economic data from the US was positive with the manufacturing activity expanding more than expected . ADP employment data would be the key data for the day and dollar continues to remain a buy on dip. EURO/INREuro is trading above the 1 . 12 mark before the key ECB announcement today . Anticipation for a better forward guidance has led to the rally in Euro and we would be keenly watching for the tone of the ECB chairman Draghi about the forward guidance . A non - dovish statement from him could help the Euro rally and the opposite could see the pair below 1.11.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Read More
