FX Daily: Turning A Blind Eye To Fed Independence Risk
Lisa Cook is challenging her dismissal in court, and markets are seemingly staying away from pricing in any substantial dovish shifts at the FOMC beyond what can be derived from data and Powell’s remarks.
Pound Sterling Corrects Ahead Of US PCE Inflation Data
The Pound Sterling retreats to near 1.3500 against the US Dollar, ahead of key US PCE inflation data for July.
USD/CAD Forecast: Drifting Lower
USD/CAD slipped to test 1.3750 support, but with the interest rate differential favoring the greenback, a breakout above 1.38 could trigger further upside momentum.
Nifty Below 24,500; M&M, NTPC Top Losers
Indian share markets are trading lower today, with the Sensex trading 48 points lower, and the Nifty is trading 14 points lower.