IGI Logo

News / Other data.

* The U.S. dollar index surged to a one-month high on Thursday as Federal Reserve officials spoke of the need for further rate hikes, and investors reevaluated Wednesday's minutes from the U.S. central bank's July meeting as being more hawkish than originally thought.

* Russia has charged up to third place in a list of countries outside mainland China using the yuan for global payments, highlighting how it is being affected by Western sanctions.

* The rouble surged to more than three-week highs on Thursday against the dollar and euro and Russian stocks edged higher, helped by stronger oil prices and an upcoming tax period that usually boosts rouble demand. ? The U.S. dollar climbed higher in early European trade Thursday after the minutes from the last Federal Reserve meeting pointed to more monetary tightening ahead

* Most Asian currencies fell on Thursday as investors digested mixed signals from the U.S. Federal Reserve on its plans to hike rates, while China’s yuan sank on growing concerns over a real estate crisis.

Inference

* ‘Actual' greater than 'Forecast' is good for currency.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://geplcapital.com/term-disclaimer

SEBI Registration number is INH000000081.

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer