USD/INR Price News: Skids below 82.80 as USD Index eyes downside, hawkish Fed bets wane – by Sagar_Dua24 USDINR Fed Inflation Oil RiskAversion
as investors are anticipating a less-hawkish monetary policy stance from the Federal Reserve after scrutiny of United States. The major has slipped to near 82.68 and it seems that more losses are in pipeline ahead.
S&P500 futures have eased some of the gains generated in the early Asian session as the risk-aversion theme has not entirely faded. The 500-US stocks basket futures are likely to remain volatile as fears of the global banking crisis have stretched after the debacle of Credit Suisse. Although the Swiss National Bank has promised to provide liquidity support to the investment banking firm, fears of global financial instability cannot be ruled out.
Considering the statement from Credit Suisse chairman Axel Lehmann that state assistance "isn't a topic" for the bank as it seeks to recover from a string of scandals that have undermined the confidence of investors and clients, Bloomberg reported, the downfall of Credit Suisse is not expected to heal sooner.
The US Dollar Index has extended its correction to near 104.50 amid soaring uncertainty over the interest rate decision by the Federal Reserve , which will be announced on March 22. The rally in the USD Index, witnessed on Wednesday, was backed by fears of global banking turmoil. And now investors are expected to discount the less-hawkish pitch to be delivered by Fed chair Jerome Powell over interest rates next week.
Meanwhile, oil price is struggling to extend its recovery above $68.00 as fears of a banking sector meltdown would result in the lower release of advances. This might scale down the oil price further. It is worth noting that India is one of the leading importers of oil in the world and lower
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/INR Price News: Rupee licks its wounds near 82.40 ahead of India, US inflation cuesUSD/INR Price News: Rupee licks its wounds near 82.40 ahead of India, US inflation cues – by anilpanchal7 USDINR CPI Inflation RiskAppetite YieldCurve
Leer más »
USD/INR to consolidate around the 82.00 level near term – CommerzbankThe Indian Rupee did not gain much ground against the US Dollar in the past few sessions. Economists at Commerzbank expect the USD/INR pair to hover a
Leer más »
USD/INR rebounds from the 82.20 mark, as the INR seems to be on its ownUSD/INR is not trading in line with its counterparts. The pair is not catching up with the US Dollar weakness. Falling US Treasury bond yields have le
Leer más »
Bitcoin price sees new 2023 high as CPI sends BTC price above $26KBTC price surges to near $26,000 as Bitcoin hits nine-month highs on the back of CPI data conforming to expectations.
Leer más »
Galaxy A54 U.S. price and release date announced: no price hike this yearFinally, an answer to a pressing question: how much does the newly-announced Galaxy A54 cost and when will you be able to get it?
Leer más »
USD/IDR Price News: Rupiah struggles below 15,400 on downbeat Indonesia Exports, US Retail Sales eyedUSD/IDR Price News: Rupiah struggles below 15,400 on downbeat Indonesia Exports, US Retail Sales eyed – by anilpanchal7 USDIDR RiskAppetite ForeignTrade YieldCurve Asia
Leer más »