This is how majority of the world currencies have performed vs USD in the last year
Gives you an idea how strong the demand for Dollar is (DXY)
Surprising Indian Rupee (INR) -5.86% has performed much better than Euro (EUR) -7.64% and even the British Pound (GBP) -10.23%
Gives you an idea how strong the demand for Dollar is (DXY)
Surprising Indian Rupee (INR) -5.86% has performed much better than Euro (EUR) -7.64% and even the British Pound (GBP) -10.23%
This is the same chart with Russian Ruble vs USD
In the grand story of western sanctions backfiring, Russian Ruble has actually become stronger vs US Dollar in the last year
Shows how Energy is the only real currency of the world
In the grand story of western sanctions backfiring, Russian Ruble has actually become stronger vs US Dollar in the last year
Shows how Energy is the only real currency of the world
Unless Dollar Index (DXY) cools off, which its showing no sign of cooling yet
No rally in equities will sustain, no matter what the price of oil or commodities is
A higher dollar and lower commodities just tells me that market has begin to price in recession in the short term
No rally in equities will sustain, no matter what the price of oil or commodities is
A higher dollar and lower commodities just tells me that market has begin to price in recession in the short term
The ray of hope among all this is, Emerging Market Index (EEM) has corrected 30% for the year and is less than 10% away from its channel bottom
The daily FII outflows should stop in next few months, which should give some breathing room to INR and some stability to equity market
The daily FII outflows should stop in next few months, which should give some breathing room to INR and some stability to equity market
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