Encouraging U.S. economic data, landslide victory for Japan’s ruling coalition, Britain’s easing political uncertainty and Bank of England surprise move of leaving interest rRead More
U.S. Department of Labour on Friday reported that the economy has added 287,000 jobs in the month of June against the expectations for an addition of 175,000 followed by 11,000 jobRead More
Indian Rupee appreciated by 0.96% against the USD last week as Sensex & Nifty rallied by close to 3% and ten year gsec yield fell 7bps post Brexit. FII’s are expected to be strRead More
The INR fell by around 1.5% on Brexit before regaining 0.5% to close at four months low levels of Rs 67.96 to the USD. Chart 1. Will the INR weaken further or can it stabilize at cRead More
Indian Rupee (INR) depreciated by 0.48% against the USD last week on Brexit fears. The INR will see more falls this week on the back of Dr. Raghuram Rajan indicating that he will nRead More
USD started the week on a low note after a poor May jobs data prompted investors to rule out the chance of an interest rate hike by the Fed this week. (Read our analysis on US JobsRead More
USD ended the week on a weak note as currency markets turned sceptical on Fed June interest rate hike. The release of weak U.S. economic data in the later part of the week diminishRead More
The USD index or DXY, which trackS the movement of the USD against six major currencies, rose by .20% on a weekly basis on the anticipation of rate hikes by the Fed. Janet Yellen, Read More
USD posted its third consecutive weekly gain last week and is currently trading at seven-week high levels. USD Index (DXY), which tracks the movement of the USD against six major cRead More