Archive · 28 Jun 2025
Dollar Faces Support, Rupee Rises, Euro Gains
Imagine the dollar is like a toy whose price is falling.
It might fall further but has a support level where it could stop falling.
The Indian Rupee has become stronger because oil prices fell, giving relief.
The Euro is gaining value.
The US 10-year Treasury yield has made a break down in its value.
The Indian Rupee has a resistance level to watch.
The dollar index's downtrend is intact but faces crucial support around 96.
The Indian rupee strengthened against the dollar, aided by falling crude oil prices.
The euro has risen, with potential to reach 1.18 in the near term and 1.20 eventually.
US 10-year Treasury Yield made a bearish breakout, suggesting a negative outlook.
The Indian rupee faces a crucial resistance level at 85.20.
- Who
- The report analyzes the performance of the dollar index, Indian rupee, euro and treasury yields.
- What
- The dollar index downtrend is intact, with crucial support at 96.
- When
- The article was published on June 28, 2025.
- Where
- The information pertains to the dollar index, Indian rupee, and Euro.
- Why
- The report analyzes the trends and potential future movements of different currencies.
- Dollar Index Current Level
- 97.25
- Dollar Index Support Level
- 96
- Euro (EURUSD) Current Level
- 1.1715
- Indian Rupee (USDINR) Current Level
- 85.48
- Indian Rupee Resistance Level
- 85.20
- US 10Yr Treasury Yield
- 4.27 per cent
