The Indian rupee is expected to open higher on Wednesday after U.S. inflation data reaffirmed views that the Federal Reserve will likely keep interest rates unchanged in June.
for a pause. Post the CPI data, the odds of a Fed rate hike in June have fallen to 8% from 25% on Tuesday.
The dollar index hovered close to an over three-week low hit on Tuesday, while the two-year U.S. yield dropped slightly in Asia after rising to its highest since March 10. "We think it will be a hawkish pause as the Fed emphasizes that the hiking cycle might not be done. Whether the pause turns into a skip will depend on incoming data," DBS analysts said in a note.
The risk sentiment remained robust, with the S&P 500 and Nasdaq reaching their highest closes in 14 months on Tuesday. Meanwhile, the offshore Chinese yuan remained under pressure against the dollar after dropping to a new low since November on Tuesday.** One-month non-deliverable rupee forward at 82.35; onshore one-month forward premium at 7.5 paisa** USD/INR June forward premium at 2.8 paisa** Ten-year U.S. note yield at 3.81%** As per NSDL data, foreign investors sold a net $72.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock market today: Asian shares mixed as investors await Fed policy decision, price dataShares were mixed in Asia on Monday after the S&P 500 logged its fourth winning week in a row, while investors await another decision by the Federal Reserve on interest rates.
Weiterlesen »
Gold prices inch higher as traders await inflation report, Fed meetingGold prices built on last week's advance early Monday during what was shaping up to be a quiet session as traders awaited a Tuesday inflation report followed...
Weiterlesen »
Bitcoin Seesaws Back Under $26K After CPI, as Investors Await Fed Rate Hike DecisionBitcoin rose over $26K in the hour after the May CPI but later retreated under the threshold as investors turned their attention to the US central bank's next rate hike decision. JPRubin23 reports
Weiterlesen »
Indian shares firm ahead of key cenbank meetings; inflation data on tapIndian shares held firm on Monday as investors awaited directions from key central bank meetings in a data-heavy week, starting with the domestic retail inflation reading later in the day.
Weiterlesen »
Kajol Stars in ‘The Good Wife’ Indian Adaptation ‘The Trial’ for Disney+ Hotstar – TrailerKajol, one of India’s best-loved actors, stars in Disney+ Hotstar series “The Trial – Pyaar, Kanoon, Dhoka,” the Indian adaptation of CBS series “The Good Wife.” The…
Weiterlesen »
Kajol Is 'The Good Wife' in First Trailer for Indian Remake 'The Trial'The first trailer for 'The Trial' sees Kajol head to court for her scripted series debut in the Indian remake of TheGoodWife.
Weiterlesen »