Dollar is still facing much broad-based pressure as risk-on sentiment continues to dominate the markets. A slight recovery could be on the cards due to pre-weekend profit-taking, although this largely hinges on the inflation expectation figures in the forthcoming University of Michigan Consumer Sentiment report. Should the inflation expectations display a substantial decrease, this could provide a further boost to risk appetite and potentially lead to another downturn for Dollar, before getting an opportunity to stabilize next week.
This week, investors would be majorly looking for Q1 earnings from the industry’s big-wigs such as HCL Technologies, TCS, Wipro, Tata Metaliks, Avenue Supermarts, Tata Steel Long Products, Federal Bank, etc.
New IMF analysis has driven a fresh round of claims that “corporate greed” is now the main driver of inflation. This doesn’t stack up either as a piece of economic theory, or as a good explanation of what is happening in practice.
Factors Driving Inflation:Recently, there has been an increasing consensus in Europe and US that Greedflation is driving the rising cost of living rather than just inflation, but what is this phenomenon
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