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INR/USD Exchange Rate Charts

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Daily Currency Market Commentary
Daily currency news provided by OzForex

The US Dollar moved lower into the close on Friday as investors reacted to comments from Fed Chair Janet Yellen and began squaring positions ahead of this week’s Non-Farm Payroll report. Yellen hit the wires at the Federal Reserve’s Monetary Policy Conference in San Francisco suggesting the Central Bank had given “serious consideration” to raising rates and reducing accommodative monetary policy. The comments while somewhat hawkish where very much in line with the March 18 FOMC policy statement and did little to evoke any new Greenback rallies simply reiterating the Fed’s dependence on strengthening macroeconomic indicators. The Greenback did find support as Long USD bets rallied while net euro shorts jumped to record highs. The Euro did enjoyed a short term relief rally Friday buoyed by general Greenback weakness and QE optimism. Continued improvement in macro data sets has fuelled investor confidence and added credence to the ECB’s QE program helping the 19 nation unit hold onto levels above 1.08. Attentions now turn to Prelim German CPI for direction through Monday as investors prepare for Eurozone CPI Tuesday ahead of another critical U.S employment change report Friday.
Data releases
No Data
NZD: No Data
Prelim Industrial Production m/m
GBP: Net Lending to Individuals m/m, M4 Money Supply and Mortgage Approvals
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BER Notebook - FX Market Research & Currency News/Views from our Partners See more >>

OzForex Research
Major Currency Movements Last Week: EUR/USD Reversed direction. USD/JPY Declined. GBP/USD Reversed direction. AUD/USD Reversed direction. USD/CAD Lost ground. NZD/USD Gained sharply. Continue reading
Posted on 29 March 2015 | 9:13 pm
Agility Forex
The US dollar barely budged on the Q4 GDP report (2.2%) and is ending the week on a down note having lost ground across the G-10 spectrum. The debate is still raging as to whether the current bout of US dollar weakness is merely a correction of the massive oversold positioning or perhaps the start… Continue reading
Posted on 27 March 2015 | 6:50 pm
OzForex Research
Being apathetic about currency exchanges rates can be very damaging for your business. Let’s look at some of the dangerous myths that people cling to, to justify keeping their head in the sand. 1. What goes up must come down Or the reverse: that a sinking currency must recover eventually. History tells us that movements… Continue reading
Posted on 24 March 2015 | 9:28 pm
OzForex Research
Major Currency Movements Last Week: EUR/USD Reversed direction. USD/JPY Declined. GBP/USD Reversed direction. AUD/USD Reversed direction. USD/CAD Lost ground. NZD/USD Gained sharply. Continue reading
Posted on 23 March 2015 | 8:25 pm
Agility Forex
America’s influence is waning in the world, militarily, economically, and culturally. The global financial structure which has been in place for decades is unraveling and it will not end well for the United States’ currency and economy. This change is being driven by a desire of many nations with totalitarian capitalism to rid themselves of… Continue reading
Posted on 23 March 2015 | 8:19 pm

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

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