MORNING BRIEFING: CURRENCY MARKET UPDATE

Tina Collins

31 Dec 2024 — 1 min read

MORNING BRIEFING: CURRENCY MARKET UPDATE

Oscillating above immediate support at 107.75; could rise towards 109-109.50 if support holds.

EUR, EURINR, and AUSSIE: Trading within narrow ranges; EUR: 1.0450/0550-1.0350/0300, INR: 89.50/90.00-88.00, AUD: 0.6300-0.6200.

USDJPY: Needs to rise above 158 to target 160 or higher.

EURJPY: Above 164 could test 166-167; below 164 may fall to 162.

USDCNY: Trading below 7.30 target; bullish if above 7.25, aiming for 7.35.

USDINR: Stable below 85.65; potential to test 85.20/10 before moving higher.

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