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    USD/INR maintains position above 87.00 after HSBC PMI data release

    Author AvatarBy Patrick Butler No Comments 8 Mins Read
    • USD/INR holds ground amid rising trade tensions between the US and China.
    • India HSBC Composite Purchasing Managers’ Index fell to a 14-month low of 57.7, from the previous 59.2 reading.
    • Traders await Friday’s US Nonfarm Payrolls, which is expected a slight slowdown in job creation for January.

    USD/INR continues its upward momentum for the fourth consecutive day, trading around 87.10 during Wednesday’s Asian session. The risk-sensitive Indian Rupee (INR) remains under pressure due to increased risk aversion following rising trade tensions between the US and China.

    On the economic front, the seasonally adjusted India HSBC Composite Purchasing Managers’

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    He is a distinguished financial analyst with a wealth of experience in the Forex and cryptocurrency markets. With a career spanning over 15 years, Patrick has honed a keen understanding of market dynamics, using both technical analysis and macroeconomic insights to forecast trends and identify opportunities. His work is characterized by a meticulous attention to detail and an ability to simplify complex concepts, making him a respected authority for both institutional investors and individual traders. Patrick’s analytical depth and pragmatic approach have earned him recognition as a trusted expert in the ever-evolving world of finance.

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