Fixed Income And Currency Market

26 Jun 2023

USD gains as aggressive central banks prompt risk aversion

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USD strengthened amid risk-off environment from central banks' aggressive tightening. Powell's hawkish stance signalled more rate hikes. US business activity dropped. INR resilient with rising domestic equities. Chinese Yuan weakened after PBOC rate cut to stimulate sluggish local economy.

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Ketan Verma
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