Rupee Closed Stronger But Underperformed Its Asian Peers

# trading range for the day is 83.14-83.32.

# Rupee closed stronger but underperformed its Asian peers as U.S. dollar demand from local oil companies and importers capped gains.

# U.S. Treasury yields and the dollar retreated after data signaled the labour market in the world's largest economy was cooling

# The odds of a Fed rate hike at the December meeting are now at 7%, down from 20% a week earlier, according to FEDWATCH.

# trading range for the day is 89.02-89.82.

# Euro gains were driven by indications of a potential conclusion to monetary policy tightening by major central banks.

# Factory orders in Germany unexpectedly rose 0.2% month-over-month in September 2023

# The HCOB Spain Composite PMI recorded 50 in October 2023, little changed from 50.1 in the prior month.

# trading range for the day is 102.54-103.78.

# GBP gained as data indicating a slowdown in the US labor market supported the belief that the Fed has reached the end of its tightening cycle.

# The S&P Global/CIPS UK Construction PMI rose to 45.6 in October 2023, up from 45.0 in the previous month

# The UK central bank warned that the economic outlook for the UK remains highly challenging.

# trading range for the day is 55.72-56.02.

# JPY gains as the dollar falls on weak US jobs, reducing Fed rate hike chances.

# Sustainable and stable achievement of the price stability target, accompanied by wage increases, had not yet come in sight in Japan

# The au Jibun Bank Japan Composite PMI was revised upward to 50.5 from a flash print of 49.9 but was lower than a final 52.1 in September.