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US 10-year Treasury yields reached 3% for the first time in four years, and the dollar rose from multi-year lows. The rupee fell to a 14-month low of 66.91 per dollar, and foreign investors have sold $2.05 billion in April.
The dollar index rose to 91.153.
Higher US yields pull capital away from emerging markets and strengthen the dollar, raising the cost of dollar-priced commodity imports for importers such as India.
business-standard.comBusiness StandardApr 25, 2018Not 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.
