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Currency Outlook: Dollar index remains vulnerable to fall more

The dollar index and US Treasury yields fell last week due to softer inflation data, with the US Headline CPI and Core CPI both decreasing in April. This raised hopes for a rate cut, causing the dollar index to test its 104.50-104.00 support zone before bouncing back to 104.45, with key resistance at 105. The US 10-year Treasury yield fell to 4.31% but recovered towards 4.42%, needing to break 4.45% to ease downside pressure. The euro rose above 1.0850, now targeting 1.10 if it stays above 1.08,...
Consumer Price Index

Index Outlook: Sensex, Nifty 50, Nifty Bank: Can Rise Within the Range

Indian benchmark indices rebounded strongly last week despite initial support breaks, signaling robust buyer interest, while foreign portfolio investors continued selling Indian equities, potentially capping upside; short-term outlooks remain bullish for Nifty around 22,800-22,830 and Nifty Bank around 49,200-49,500, with caution advised for medium-term perspectives amidst potential consolidations and support levels, while Dow Jones also maintains a bullish trajectory, eyeing 41,000.
Nifty Bank Dow Jones Chart Source Dow Jones Industrial Average

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