Wednesday, 28 February 2018

Good Morning!

US equities closed lower after U.S. Federal Reserve Chair Jerome Powell spurred speculation that interest rates may rise faster than expected, while Asian market is also trading lower on early Wednesday after Powell speech last night
Dollar index closed higher against majors mainly Euro & Sterling after hawkish comments by fed chairman Jerome Powell 
The dollar- Rupee expected to open near 65.15 against the previous closing of 64.87 after hawkish comment from Fed chairperson and sell off in global equities thus dollar likely to continue its ongoing trend with today expected range 64.95-65.35

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