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Foreign investment and trends in global markets and movement of the rupee as well as crude oil would impact the market sentiment, analysts.

I'm not talking about joe biden. i'm talking about joe manchin that put the kibosh on any tax hikes, essentially crushing the president's plans to get a economic response or programming or legislation going to do something on the inflation front. the latest from hillary vaughn. >> some progressive democrats think that senator joe manchin is the one thing spoiling their chances of getting any parts of the president's build back better passed before the mid-term election. senator manchin says that he's not the spoiler. it's inflation. >> can we just wait until the inflation figures come out in j...

The US economy may be heading into a recession, according to a commonly accepted indicator, after inflation there surged to a more-than-expected 40-year peak, increasing bets for a 100 basis points rate hike by the Federal Reserve later this month.

The US Dollar may have more room to rally as Federal Reserve interest rate expectations match where markets see inflation in one year. This is as the DXY Dollar Index confirmed a breakout above resistance.

Back in 1944, 44 nations signed the Bretton Woods Agreement. That multinational agreement linked the U.S. dollar to gold and made the U.S. dollar the world reserve currency. Bretton Woods