MicroStrategy executive chairman Michael Saylor said Bitcoin could help solve half the world’s economic problems, especially for countries struggling with...
The dollar index (DXY00) today is trading slightly lower by -0.06%. The dollar is being undercut by today's -4.7 bp decline in the 10-year T-note yield to 4.194%, which followed the dovish US PCE deflator report, the Fed's preferred inflation measure.Today's PCE deflator report was close to expectations and supported the case for a FOMC rate cut in September. On a month-on-month basis, the June PCE deflator report of +0.1% m/m (headline) and +0.2% (core) was exactly in line with market expectations. On a year-on-year basis, the June PCE deflator...
The rupee remained under pressure during the week due to persistent outflows from domestic equities, said dealersPhoto: BloombergAnjali Kumari Mumbai...