Page 79 - Us Fed News Today

Relations between mainland China and the West are becoming increasingly complicated in the wake of Russia’s invasion of Ukraine.

The ringgit is anticipated to trade on a downward trend this week on lack of catalysts, analysts said.

Besides, there has been a steady rise in crude prices, amid supply worries due to prospects of further sanctions on Russian oil and as the war in Ukraine drags on.Muted equities and the greenback navigating on a higher trajectory have also added further pressure on the rupee-dollar exchange rate, Sachdeva said.Nevertheless, the domestic currency is likely to seek support around the 76.70 mark in the near-term.

KUALA LUMPUR: The ringgit has extended its positive run against the US dollar on improving risk appetite for the local currency, an analyst said.

The rupee extended its losses on Wednesday as the dollar strengthened after Federal Reserve Governor Lael Brainard said the US central bank needs to act and take inflation head-on.

Analysts have been slashing expectations for bank deposits in recent weeks as Fed rate increases ripple through the industry

India will release retail inflation data for March amid heightened global uncertainties. Turmoil continues in two neighbouring countries and IT giants TCS and Infosys will announce their Q4 earnings

Minutes of the Fed's March 15-16 meeting showed deepening concern among policymakers that inflation had broadened through the economy. 

On Friday, Sensex closed at 57362 down by 233 points or 0.39 pc while the Nifty-50 closed at 17153 down by 69.75 points or 0.40 per cent

The Cold War is over, but the old rancour has not died.