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3 Apr 2020

USD/INR: The Indian rupee will stay pressured – MUFG

During March the Indian rupee plunged to a new record low against the US dollar from 72.170 to 75.590. Analysts at MUFG Bank believe the Asian currency will stay pressure in coming weeks. 

Key quotes

“The rupee is likely to stay pressured through Q2 from accelerating capital outflows amid an escalation in the outbreak in India and other countries outside China.”

“The RBI’s ‘whatever it takes’ approach during this crisis would ensure further easing down the line, including unconventional tools as stated by RBI Governor Das.”

 

Apr 3, 2020

EUR/USD: Downside beyond 1.0800 – OCBC

Short EUR/USD may be the best way to express the supported USD, in the opinion of Terence Wu, an FX strategist at OCBC Bank. Key quotes “We expect any
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Apr 3, 2020

USD/CNH still faces extra rangebound – UOB

USD/CNH is seen keeping the ongoing consolidative theme for the time being, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highli
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