Angel Broking's report on CurrenciesUS DOLLAR INDEX (USD) The American currency traded higher by 0. 4 percent yesterday as looming concern over EU Referendum that is to be held tomorrow has prompted the traders to place bets in safe - haven assets. Due to this, the US Dollar rose versus its peers. In yesterday’s testimo ny US Fed Chairwoman cautioned the markets that a possible Brexit could leave the Euro - zone’s economy in trotters. However, new polls showed support for the “stay” camp growing. All of the above factors acted as a positive factor for the American currency. US Dollar Index made an intraday high of 94.20 and closed at 94.06 on Tuesday.OUTLOOK From the intra - day perspective, Rupee is likely to trade sideways to lower as upcoming EU referendum will boost the demand for safe - haven DX. This will act as a negative factor for the Rupee.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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