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The Indian rupee was expected to open little changed on Friday despite a rise in US inflation that lifted Treasury yields and reduced the chance of near-term Fed rate cuts. US core PCE rose 3.7% in the first quarter, above expectations.
Stronger US inflation and higher yields keep the dollar firm, which pressures dollar-priced commodities and raises import costs for emerging-market buyers.
brecorder.comReutersApr 26, 2024After 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.
Not enough comparable past events yet for a historical read.
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.
