Optimism around a 60-day ceasefire extension agreement between the US and Iran is keeping the Dollar Index slightly lower but still within the broad 98.90-99.55 range. Euro remains stuck within 1.1670-1.1580 while EURINR has scope for a rise to 112-112.50 before facing a rejection towards 110.5-110. EURJPY and USDJPY look bullish for the near term towards 186.50 and 160-161, respectively. USDCNY is headed towards 6.75. Aussie and Pound can trade within 0.71-0.72 and 1.3350-1.3550, respectively. USDINR will have to dip towards 95.50-95.25, else would turn bullish towards 96+.
