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Fixed Income And Currency Market
1 May 2023
USD falls amid rate hike expectations and economic slowdown
The USD ended the week lower, with expectations of a rate hike and later cuts from the US Federal Reserve. Inflation grew in March, but at a slower pace, and the University of Michigan consumer sentiment improved. US personal consumption expenditures rose, but the economy slowed down in Q1 2023. The Bank of Japan maintained its monetary policy, and the Indian Rupee appreciated.
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