Fixed Income And Currency Market

19 Jun 2023

USD falls after the Fed pauses rate hikes

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USD weakened as the Fed kept rates unchanged but hinted at future hikes. ECB raised rates while PBoC cut rates to support the slowing economy. US retail sales unexpectedly increased. India's inflation eased to a 2-year low. Global central banks' decisions and economic data influenced currency movements and market sentiment.

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Ketan Verma
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