Investors have digested the expectations of one more 25 basis points rate hike from the Fed.
Higher rates by the Fed and tight credit conditions by US banks have forced investors to downgrade growth for S&P500.pair is approaching swiftly towards the round-level resistance of 1.0900 in the Asian session. The major currency pair has extended its rally above 1.0880 as investors have digested the expectations of one more 25 basis points rate hike from the Federal Reserve . The upbeat market mood has forced the US Dollar Index for an extended correction..
The declining USD Index has supported demand for US government bonds. This has led to a decline in the 10-year US Treasury Yields to 3.40%. The US Dollar is expected to remain highly volatile as investors are awaiting the release of Wednesday’s Consumer Price Index data. Analysts at TD Securities expect the headline inflation to rise by 0.1% in March, and the core CPI by 0.4%. They see the CPI slowing to 3.6% by the fourth quarter.will be impacted by Retail Sales data. Monthly Retail Sales data could contract by 0.8%. And, annual Retail Sales could contract further to 3.5%.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: FXStreetNews - 🏆 14. / 72 और पढो »