Fixed Income And Currency Market
4 Jul 2021
USD rose across the board last week. U.S. monthly jobs report indicated that the labor market recovery is on the right track but not picking up so fast so as to prompt a sooner move by the Fed. U.S. 10-year treasury yield fell sharply by 9 bps and is currently at 1.43%. INR fell despite exports & foreign exchange reserves hitting record levels
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