Today’s Currency Currents | 24th Nov’20

Rates: How is UST positioning now?                               The US Treasuries curve has been flattening with 10Y yields pulling back from 1% over the past week as market participants focus on the near-term reality that COVID-19 outbreaks are worsening in many economies. This has thrown some doubts unto whether this bout of steepening can be sustained. We think it

yestts

Heylo… Today is 18th of Sep, Friday and welcome to our daily 5 minutes podcast, Currency Street…..We have composed the latest market news and price action that drove the international forex markets, yesterday, and a short slice of what to expect, for today. I’m your host and dost, Shobhit Manwar and I am delighted to

Today’s Currency Currents | 2nd Aug ’20

USD/INR opened higher as dollar caught a slight bid into the fresh week. Spot USD/INR opened around 74.85 and moved higher in initial trading to climb above 74.90. It is likely to face stiff resistance in the 74.95 (23.6% retracement of the move from 68.8 to 77.0) – 75.00 zone in any attempt of further

Today’s Currency Currents| 6th Aug ’20

The Dollar lost its ground further, and risk assets rallied, as markets absorbed patchy US economic data as an indication of further stimulus to be announced even as US lawmakers negotiate over the finer details of the new stimulus package. The dollar’s brief respite from continued selloff in past few weeks was short lived, as

Daily Digest – 7th of August

The US Dollar has decisively fell out of favor and appears to have lost its ‘safe haven’ appeal, as investors dump it for other alternatives, particularly Gold, which continues on an amazing bull run after climbing previous all-time high of 1920 $/oz. Surging coronavirus cases in the US, flattening out labor market recovery numbers, inconclusive
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