Good Morning!
Asian market trading lower early Friday
after Wall Street closed mixed and yields on US government debt rose in the
last session.
US Treasury yields continued to
climb after economic indicators seemed to confirm the Fed's inflation views.
The U.S. dollar index trading
flat, holding above a three-year low of 88.42 set one week ago, but rose
against the Japanese yen
but failed to extend those gains to other currencies such as the euro and sterling,
with market participant would be watching NFP data schedule later during the
day for further direction
The Indian Rupee expected to open
above 64.05 against previous closing of 64.01 and likely to trade volatile in
the range of 63.85-64.25 with equities market & bond yield giving further
direction in the pair.
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