The dollar slipped lower against the other major currencies on Thursday, as market sentiment recovered after global growth concerns dampened demand for riskier assets earlier in the week, but the greenback was still within close distance of a four-month high.
GBP/USD was little changed at 1.3203 after a weak U.K. retail sales report added to concerns over the outlook for British economic growth.
BUY EURINR ABOVE 74.20 TGT -74.30-74.40-74.50 SL 74 BELOW CMP 74.20
BUY GBPINR ABOVE 89 TGT -89.10-89.20-89.30 SL 88.80 BELOW CMP88.97
TODAY FOREX SIGNAL
EUR/USD edged up 0.09% to trade at 1.1023, pulling away from Wednesday’s one-month low of 1.0979.
Market sentiment improved amid growing speculation major central banks around the world will introduce stimulus measures in order to boost economic growth.
On Thursday, investors were especially looking ahead to the European Central Bank’s policy statement, due later in the day.
Sentiment had weakened after the International Monetary Fund on Tuesday down wardly revised its projection for global economic growth in 2016 to 3.1%, from the prior 3.2%, though expecting a rebound to 3.4% in 2017.
BUY EURINR ABOVE 74.20 TGT -74.30-74.40-74.50 SL 74 BELOW CMP 74.20
BUY GBPINR ABOVE 89 TGT -89.10-89.20-89.30 SL 88.80 BELOW CMP88.97
TODAY FOREX SIGNAL
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