USD/INR Price News: Cushion around 82.70 strengthens as USD Index rebounds – by Sagar_Dua24 USDINR Fed Oil YieldCurve Inflation
The demand for US government bonds is declining ahead of the FOMC minutes.
The USD Index has delivered a breakout of the consolidation formed in a narrow range of 103.45-103.63 as thetheme is gaining traction. Also, anxiety among investors is accelerating as investors are anticipating hawkish commentary in the Federal Open Market Committee minutes, which will release on Wednesday. The 10-year yields on US government bonds have climbed above 3.85%.
The release of the FOMC minutes will provide a detailed explanation behind the rate hike by 25 basis points to 4.50-4.75% from the. Apart from that, cues about interest rate guidance and current economic fundamentals will be keenly watched.
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