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Fixed Income And Currency Market
7 May 2023
USD falls despite positive jobs report
USD falls despite a positive US jobs report. The US central bank raised interest rates as expected, but the bigger change was that it no longer anticipates further rate increases to control inflation. The European Central Bank also made some adjustments to its policies, signaling that more tightening would be needed to curb inflation. In India, FPIs returned to equities due to strong corporate earnings.
Ketan Verma
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