The US dollar depreciated yesterday - ICICI Direct
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• Rupee future maturing on September 28 depreciated yesterday by 0.47% amid a drop in domestic equity markets. Further, an uptick in crude oil prices pressurised rupee
• The US dollar depreciated yesterday amid drop in US 10 years bond yields. At the same time, data showed the producer price index for final demand in the US fell 0.1% MoM in August 2022, following a 0.4% drop in July
• The Euro appreciated on Wednesday on expectations that the European Union will raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession and insolvencies
• The pound edged higher by almost 0.40% yesterday amid a weak US dollar. However, sharp upside was capped after data showed, annual inflation rate in the UK unexpectedly edged lower to 9.9% in August 2022 from 10.1% in July, which was the highest reading since 1982 and below market forecasts of 10.2%
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