Stay updated with breaking news from Currency Index. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Roger J Kerr says US bond market worries about inflation should start to abate as they become more comfortable that the decline in inflation is not stalling and the Fed will be cutting interest rates in June. He also looks at US job data
Bloomberg proposes to include India FAR government securities in the Bloomberg EM Local Currency Index, which will ensure flows into the Indian markets. Interest rate cuts may be announced in the US, potentially leading to a fall in the Dollar index. FDI inflows in India have been increasing, reaching $85 billion in FY 2021-2022. The Indian government's pro-growth policies and the China-plus-one doctrine are expected to further boost FDI. Investors should consider adding duration funds to their fixed income portfolio and investing in attractively-valued companies in the manufacturing sector.
The EUR/USD chart currently exhibits a bearish overall momentum, indicating a downward trend. Your analysis suggests that the price could potentially continue in a bearish direction towards the 1st support level.
The EUR/USD trading pair is currently in a bearish descending channel, which is contributing to the overall bearish momentum on the chart. Your analysis suggests that there is potential for a bearish continuation in the price towards the 1st support level.
Roger J Kerr says the still-high level of inflation that has declined a bit isn't yet cause for celebration and the RBNZ needs to explore more options to get it lower. But he sees US inflation march lower even if their economic data remains mixed