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Fed could hike later this year – Fed’s Dudley

FXStreet (Mumbai) - Federal Reserve Bank of New York President William Dudley was on the wires today stating the economy is doing pretty well and he expects the Fed to hike later this year.

Key Quotes

“If financial conditions tighten after first hike, we'll more slowly”

“If policy was truly accommodative, then why is growth so low?"

“There is value in pushing unemployment below natural rate, equilibrium real interest rate now close to zero”

“Chinese growth a big issue for global economy”

RBI: 25bps cut on cards, supported by better inflation numbers – TDS

Paul Fage, Senior Emerging Markets Strategist at TD Securities, expects that in tomorrow’s monetary policy meet, the Reserve Bank of India (RBI) is likely to cut the policy repo rate by 25bp to 7.0% which is in line with the consensus expectation.
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US Dollar printing session tops near 96.50

The greenback, tracked by the US Dollar Index, is gathering further traction on Monday and advancing to the 96.50 area, or session peaks...
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