Tuesday, 28 February 2017

Buy USDINR Target Of 67.10: Karvy

US dollar index is trading at 101.16,remained close to the 101 .00 mark for most of the trading session yesterday .

Weaker than expected pending home sales data made the dollar drop lower but a hawkish speech from FOMC voting member Kaplan gave a spring board to the US dollar. 

Markets would be focusing on Trump speech later in the day where he is expected to announce his infrastructure spending plans and an expansive fiscal policy could give the US dollar its required boost .

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