Fixed Income And Currency Market

17 Jul 2023

USD falls across the board as inflation eases

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USD ended lower after soft US inflation data, but market expects Fed rate hike. Fed officials remain data-driven, considering more hikes this year. US consumer price index eased to 3% YoY in June. INR rose against USD due to positive sentiment, despite concerns over China's declining exports amid global growth slowdown.

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Ketan Verma
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