Tuesday, 27 February 2018

Good Morning!

A decline in Treasury yields assuaged investor concerns about rising interest rates and refocused attention on economic growth.
US stocks rose to more than three-week highs yesterday, recovering much of the losses sustained in a sell-off earlier this month, followed by Asian shares that extended their recovery early today as US borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell's highly-anticipated first congressional testimony later in the day.
FX today was consolidating the dollar's attempts to reclaim the 90 handle on Central Bank divergences once again, with the DXY making a high of 90.05 but unable to hold onto the territory despite US yields picking up as the session went by.
The Indian Unit is seen opening at 64.80 a dollar and expected to trade volatile between 64.50-65.10 for the day.


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