Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 94.25-97.50 1.1250-1.2100 1.2800-1.3800 150.00-162.50 0.7400-0.8300
Sentiment against USD Neutral Negative Negative Positive Positive
Forecast for the day 94.10-94.70 1.1375-1.1490 1.3115-1.3235 160.75-161.70 0.8060-0.8100

Rupee opened flat this morning at 94.35 levels against previous closing of 94.34 levels. Equity market benchmarks are trading about 0.7 lower today.


The DXY extended its gains for a second straight session, rising to 100.86 its highest level since May 2025, as investors ramped up bets on Fed rate hikes later this year following a hawkish signal from the Federal Reserve. Markets are now fully pricing in a rate hike by October. The greenback strengthened broadly, with the largest gains seen against the British Pound and Swiss franc after both the BoE and the SNB kept rates unchanged.


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