Fixed Income And Currency Market

27 Feb 2022

USD rises on safe-haven flows as Russia invades Ukraine

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USD traded higher last week amid safe-haven flows and further being boosted by upbeat economic data. In the central bank's latest monetary policy report to Congress, the Fed warned inflation could last longer than anticipated should labor shortages and fast-rising wages continue. INR falls as oil prices rise over USD 100 a barrel.

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Ketan Verma
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