{"id":47117,"date":"2019-10-21T06:50:41","date_gmt":"2019-10-21T10:50:41","guid":{"rendered":"https:\/\/currencylive.com\/?p=47117"},"modified":"2019-10-28T09:27:27","modified_gmt":"2019-10-28T13:27:27","slug":"101275-usd-inr-trapped-in-a-trading-range","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101275-usd-inr-trapped-in-a-trading-range\/","title":{"rendered":"USD\/INR Trapped in a Trading Range"},"content":{"rendered":"<p><strong>The Indian Rupee has been consolidating in a wide trading range against the greenback. This trading range was activated since the beginning of August and as long as there isn\u2019t any big shift in the macro landscape, we should expect this range to be still active. To promote trend development the USD\/INR exchange rate needs a strong fundamental theme to resuscitate it.<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The shift in the Fed\u2019s interest rate policy, which is down the path to cut rates, has provided a window of opportunity for the Indian Rupee bulls to take advantage. But, the trade war is not a favorable market theme to support the Indian Rupee. However, we can expect the Indian Rupee to be supported in case of a clear agreement between the US and China officials on the phase one deal.<\/span><\/p>\n<p><a href=\"https:\/\/transferwise.com\/in\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 1px solid #253655; border-radius: 4px; padding:10px; width: 350px;\" class=\"aligncenter wp-image-47412 size-full\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/10\/transferwise-cheaper_way-navy-india-300x100.png\" alt=\"\" width=\"300\" height=\"100\" \/><\/a><\/p>\n<h6 style=\"text-align: center;\">*Advertisement<\/h6>\n<p><span style=\"font-weight: 400;\">The IMF had a couple of warnings about recession due to the trade war\u2019s negative impact on global growth. Secondly, the Chinese economy only posted a 6% growth in Q3 2019, the slowest pace of growth that we\u2019ve seen since 1992. These are proxy risk events that could harm the India Rupee.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The only notable risk event that can alter the market volatility is scheduled on the US economic calendar. On Thursday the US Durable Goods Orders will hit the market. According to the general consensus, the core number is expected to fall by -0.8% versus 0.2% previous reading.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The US Durable Goods Orders figure will be released along with the Markit Manufacturing PMI data. The market consensus is expecting the manufacturing activity to slow down to 50.5 versus 51.1 previous reading.<\/span><\/p>\n<hr \/>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>The Indian Rupee has been consolidating in a wide trading range against the greenback. This trading range was activated since the beginning of August and as long as there isn\u2019t any big shift in the macro landscape, we should expect this range to be still active. To promote trend development the USD\/INR exchange rate needs [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47015,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1666,1679,1454,1678,1543,1624,1398],"class_list":{"0":"post-47117","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-inr","10":"tag-markit","11":"tag-pmi","12":"tag-trading-market","13":"tag-us-china","14":"tag-us-china-trade-deal","15":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR Trapped in a Trading Range - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/101275-usd-inr-trapped-in-a-trading-range\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101275-usd-inr-trapped-in-a-trading-range\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101275-usd-inr-trapped-in-a-trading-range\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR Trapped in a Trading Range\",\"datePublished\":\"2019-10-21T10:50:41+00:00\",\"dateModified\":\"2019-10-28T13:27:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101275-usd-inr-trapped-in-a-trading-range\\\/\"},\"wordCount\":506,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101275-usd-inr-trapped-in-a-trading-range\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"keywords\":[\"inr\",\"markit\",\"pmi\",\"trading market\",\"us - 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