USD/INR ends at one-week high on buying by PSBs, oil bids

The rupee settled at 69.65 against 69.47 at the previous close. The local unit moved in 69.3850-69.6675 per dollar band intra-day.
Dollar/rupee ended at one-week high Monday on buying by nationalised banks likely on behalf of oil importers. Oil importers tracking the rise in oil prices and expecting further rise in the crude prices rushed to shore up their reserves. Oil importers rushed to shore up reserves anticipating oil prices to rise now gradually. PSBs were likely buying dollars on their behalf. Brent futures for August delivery traded 0.21% higher at $63.42 a barrel on Monday.

The dollar index gained 0.3% to 96.825 .DXY . The greenback had weakened last week after poor economic data encouraged investors to scale up their bets that the Federal Reserve would soon cut interest rates. Mexican peso surged more than 2% .
The euro pulled back from 2-1/2 month highs on Monday as a U.S.-Mexico deal over migration boosted the dollar and after sources said European Central Bank policymakers were open to cutting the ECB's policy rate should economic growth worsen. The single currency rocketed last week after the ECB did not - as some had anticipated - hint at interest rate cuts, instead saying rates would stay "at their present levels" until mid-2020.

Oil prices steadied on Monday as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.-China trade tensions continued to threaten demand for crude.
Gold fell 1% on Monday, retreating from a 14-month peak hit in the previous session after a deal between the United States and Mexico to avert a tariff war prompted investors to ditch the safe-haven metal for riskier assets.

Date	Time	Currency	Event	Actual	Forecast	Previous
10/06/2019	14.00	GBP	GDP (YoY)	1.3%		1.8%
10/06/2019	14.00	GBP	GDP (MoM)	-0.4%	-0.1%	-0.1%
10/06/2019	14.00	GBP	Manufacturing Production (MoM) (Apr)	-3.9%	-1.1%	0.9%
10/06/2019	14.00	GBP	Monthly GDP 3M/3M Change	0.3%		0.5%

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