USDINR Rose To All Time High After The Fed Hike Interest Rates

Published 26-09-2022, 08:59 am

# USDINR trading range for the day is 80.6-81.54.
# USDINR rose to an all-time high after the US Federal Reserve raised key interest rates by another three-quarter of a percentage point
# The federal funds rate is now at its highest since early 2008, and new projections show it reaching 4.4% by the end of 2022 before topping out at 4.6% in 2023
# Risks of military escalation emerged after the Kremlin announced partial military mobilization as Russia readies plans to annex eastern territories of Ukraine

# EURINR trading range for the day is 78.42-80.3.
# Euro sell-off continues on concerns about a deep, prolonged recession
# The S&P Global (NYSE:SPGI) Eurozone Manufacturing PMI fell to 48.5 in September of 2022 from 49.6 in August
# German private sector shrinks the most in over 2 years

# GBPINR trading range for the day is 88.25-92.05.
# GBP dropped after the government announced several tax cuts, in an attempt to boost economic growth.
# Pressure also after surveys showed Britain deepened this month and the economies likely entered a recession.
# UK services sector contracts for 1st time since February 2021

# JPYINR trading range for the day is 56.2-57.6.
# JPY gains as authorities intervened in the currency markets for the first time since 1998.
# The BOJ has maintained ultra-easy policies to support a fragile economic recovery
# The core consumer price index in Japan, jumped 2.8% in August 2022 from a year.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.