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Fixed Income And Currency Market

5 Sept 2021

USD falls as NFP report disappoints- Weekly Currency Analysis

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USD exhibited broad weakness last week after a much weaker than expected U.S. payrolls report that is likely to keep the Federal Reserve at bay in scaling back its massive stimulus measures. INR traded higher last week amid broad USD weakness and as data revealed that the service sector in the Indian economy grew at the fastest pace since the pandemic began.

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Ketan Verma
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