OctaFX | OctaFX Forex Broker
Open trading account
Back

India: Inflation marks a correction – ANZ

Today’s inflation number marks a correction from the previous month’s peak. Nonetheless, it is also unlikely to be of much relevance for monetary policy which predominantly needs to address slowing economic activity and arrest the fall in equity markets, in the opinion of analysts at ANZ Research. USD/INR trades at 74.4450.

Key quotes

“Sequentially, headline CPI fell 0.73% m/m in February, from a decline of 0.13% in January.”

“Core inflation also eased after three months of picking up, as the effect from telecom price hikes eased.”

“Prices are expected to trend lower in the coming months owing to a slump in crude oil prices and weaker growth.”

 

EUR/USD tumbles to 1.1130 on USD-buying

EUR/USD has now accelerated the downside and is navigating the area of weekly lows in the mid-1.1100s losing around 1% at the time of writing. EUR/USD
Read more Previous

US: Fed will put the zero – Rabobank

Given the current market panic and the slow progress in effective policy measures by the federal government, the FOMC is likely to decide to cut the l
Read more Next
Start livechat