Fixed Income And Currency Market

2 Oct 2023

USD Strengthens on Positive Economic Data

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The USD strengthened due to positive U.S. economic data and Federal Reserve optimism. Inflation exceeded expectations, oil prices rose, jobless claims were better than expected, and U.S. GDP growth confirmed stability. INR strengthened on eased U.S. Treasury yields and lower U.S. oil prices.

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Ketan Verma
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