Friday, 29 June 2018

• Indian Rupee hit hard by Oil prices that are currently at a three-and-half year high.
• BoJ reduced purchases of Japanese Government Bonds (JGBs) with 5-10 years to maturity. USDJPY moves to 110.75.
• US stocks rose yesterday as financial shares snapped a 13-day losing streak while technology and other growth sectors rebounded from the prior day's declines.
• Asian equities remained near nine-month lows early today despite small gains on Wall Street overnight, as ongoing concerns over global trade frictions dampened sentiment.
• Dollar index drops abruptly today morning as the EU28 leaders finally agree on the EU commission’s deal on migration/asylum. Euro & Pound pushed higher.
• The Indian Rupee opened at 68.69 a dollar after a sudden dip in the DXY. USDINR to trade volatile between 68.50 & 69.00

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