Trader reveals why USD/INR at 85.75 could make or break your portfolio
Key Points
- The USD/INR is trading at 85.75, influenced by strong US job...
The USD/INR pair is currently trading at 85.75, and if you think currency trading is predictable, you clearly haven't been paying attention to this particular soap opera. The Indian Rupee just opened weaker against the dollar, apparently still recovering from some surprisingly strong US job data that hit the market like an espresso shot on a Monday morning.
When Job Numbers Actually Matter
The JOLTS Job Openings data showed US job openings jumped from 7.395 million in April to 7.769 million in May. For those keeping score at home, that's the kind of number that makes the US Dollar Index ...
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