Highlights US and China show progress over trade talks US FED minutes turns out a no show Indian rupee . Indian Rupee depreciated by 0.35 percent yesterday while the Dollar index remained flat during the same time frame. 

India’s Q2 GDP is expected at 4.7 percent. Q1 GDP for India stood at 5 percent. Jerome Powell spoke at the “The Economic Outlook and Monetary Policy” in Zurich and addressed that the Central Bank is strongly committed towards its 2 percent inflation target.
 The remarks are further indication that the Central Bank is highly unlikely to cut rates anytime soon. 
On the trade war front, China held off from retaliating against the U.S. after President Trump signed a bill supporting Hong Kong’s anti-Beijing protesters, as both sides remained confident they can sign a partial trade deal in the coming weeks, officials in the U.S. and China said.
  USDINR is expected to appreciate in today’s session.  
Euro EURUSD appreciated by 0.08 percent yesterday while EURINR depreciated by 0.31 percent the same time frame. 

The outlook for Germany's economy brightened as the monthly index issued by the German Institute for Economic Research (DIW) climbed by 1.5 points to 91.5 points in Nov’19. 
Private households in Germany continued to benefit from rising incomes. Both the employment level and wages in Germany continued to rise. 
CPI from Germany came in at -0.8 percent for Oct’19 against market expectations of -0.7 percent. 
EURINR is expected to appreciate today’s session. GBP GBP decreased against USD by 0.08 percent yesterday while GBPINR depreciated by 0.27 percent.  
The formal launch of the Conservative Party’s election pledge centred on the key manifesto of PM Boris Johnson’s campaign: making Brexit happen. 
The UK released the November Nationwide Housing Price Index, which was up by 0.5% MoM and by 0.8% YoY, beating the market’s expectations. 
 GBPINR is expected to appreciate in today’s session.

About Gosip4U

Gosip4U is the digital wing of india - India's leading media and communications group with its interests spanning across country.


Post a Comment

Please add comment