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The Indian rupee weakened on Monday to 83.46 per dollar as a jump in US bond yields pressured Asian currencies. Traders cited Trump's chances of a second term as a factor pushing yields higher.
Rising US yields strengthen the dollar and raise the local-currency cost of dollar-priced feed imports for India, a modest bullish effect on the dollar side.
reuters.comJaspreet KalraJul 1, 2024Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
