Daily FX Trends - Mecklai Financial

Daily FX Trends - Commentaries

	USD/INR	EURO/USD	GBP/USD	USD/JPY	USD/CHF
Macro Support-Resistance Levels	92.50-95.25	1.1250-1.2100	1.2800-1.3700	150.00-162.50	0.7400-0.8300
Sentiment against USD	Neutral	Positive	Positive	Positive	Positive
Forecast for the day	92.35-92.90	1.1635-1.1745	1.3350-1.3475	158.25-159.25	0.7885-0.7920

Spot rupee ended at 92.66/67 to a dollar after opening the day at 92.66/67 level. Risk sentiment took a hit on renewed uncertainty about the Middle East ceasefire with crude prices rising 3.5 on the day. Equity markets benchmarks ended about 0.93 lower today.
DXY is trading slightly lower at 98.99 level ahead of today’s PCE inflation data. Traders await the Q4 Final GDP data from the US. Markets expect that Core PCE inflation would have edged higher in March. Meanwhile, risk sentiment took a hit on growing uncertainty about the Middle East ceasefire.
Data out of Germany showed Ind. Output declined 0.3 m/m in February 2026, reversing an upwardly revised flat reading in the previous month and missing market forecast for a 0.9 rise. On an annual basis, production was flat, following a 0.9 contraction in January.
Important data releases scheduled today: US: Final GDP q/q; GDP Price index q/q; Weekly Unemployment claims; Personal Income m/m; Personal Spending m/m; Final Wholesale inventories m/m;

Rupee opened lower this morning at 92.67 levels, amid higher crude prices after Iran once again closed the Strait of Hormuz citing Israel’s attacks on Lebanon. Equity market benchmarks are trading about 0.3 lower in early trades today.

DXY is trading at 99.12 level today. Markets are cautious after an initial surge in optimism after the announcement of Ceasefire.

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