Fixed Income And Currency Market

23 Apr 2023

INR declines amid souring mood, USD gains strength on hawkish Fed comments

linkedIn Logo twitter logo

The INR is experiencing a decline due to negative market sentiment, while the USD is gaining strength following comments from the Federal Reserve regarding potential interest rate hikes. In the US, there are signs of a slow weakening of the labour market, as jobless claims rise slightly above expectations, while existing home sales experienced a decline in March following a notable increase in February. Overall, the report provides insights into the current state of the currency and global bond markets.

author dp
Ketan Verma
You need to Sign In to view details.


Information herein is believed to be reliable but Arjun Parthasarathy Editor: does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author(s) of the content published in the site may or may not have investments in the assets discussed in the pages/posts.

Copyright © by Arjun Parthasarathy 2019-2024