Wednesday, 28 March 2018

Good Morning!

It was turnaround Tuesday in the financial markets as equities, currencies and treasury yields went on a free-fall in the last 2 hours of U.S. trade.
The move could be attributed to liquidation & adjustments of positions looking at the Quarter end in U.S. & fiscal year end in Japan. Bad news for the tech sector and softer U.S. economic reports also contributed to the move.
Asian shares pulled back today as Wall Street was knocked hard on concerns about tighter regulations on the tech industry, denting a brief global equities recovery driven by hopes of easing fears of a trade war between China and the U.S.
The dollar index retreated from session highs amid mostly negative economic data but losses were limited by easing fears of a global trade war and sterling weakness.
The Indian Unit however, is seen opening strong at 64.84 with expectations on USDINR to trade between 64.70-65.00 for the day.

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