USD/INR remains stronger as US Dollar gains ahead of Fed decision

💡 DMK Insight

The USD/INR is creeping back up, and here’s why that matters: the pair’s recent losses could signal a buying opportunity as it approaches its all-time high of 91.96. With the Fed’s policy decision looming, traders are understandably cautious, but the USD’s strength suggests a potential bullish trend. If the pair breaks above 91.96, it could trigger further buying momentum, attracting both retail and institutional investors. Keep an eye on the Fed’s stance—any hints of tightening could push the USD/INR even higher. Conversely, if the Fed maintains a dovish outlook, we might see a pullback, making it crucial to monitor this level closely. Also, consider how this impacts related markets, like emerging market currencies or commodities priced in USD. A stronger dollar typically pressures these assets, so if you’re trading in those areas, be prepared for potential volatility. Watch for any significant moves around the Fed’s announcement, as they could set the tone for the USD/INR in the coming weeks.