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Rupee remained in range after data showed CPI came higher than RBI target of 4.0%.

WikiFX
| 2023-12-14 19:09

Abstract:# trading range for the day is 83.38-83.5.# The rupee remained in range after data showed the Indian

# trading range for the day is 83.38-83.5.

# The rupee remained in range after data showed the Indian Consumer Price Index (CPI) came in higher than the RBI target of 4.0%.

# Fed kept the funds rate steady at a 22-year high of 5.25%-5.5%, but indicated three-quarter percentage point cuts in 2024 in the “dot plot” projections.

# Headline inflation remained within its tolerance range of 2–6% for the third consecutive month.

# trading range for the day is 89.9-90.16.

# Euro dropped as the market attention will then shift to the ECB monetary policy meeting on Thursday.

# German wholesale prices fell by 3.6% in November compared to last year.

# The ZEW Indicator of Economic Sentiment for Germany went up to 12.8 in December 2023.

# trading range for the day is 104.18-104.92.

# GBP dropped after an unexpected contraction in October\\'s GDP.

# The British economy shrank 0.3% in October from September 2023, reversing the growth from the previous two months.

# UK jobs report revealed that British wage growth decelerated more than initially predicted over the three months leading up to October.

# trading range for the day is 57.2-57.62.

# JPY dropped as investors scaled back bets of interest rate hikes from the Bank of Japan ahead of its monetary policy decision next week.

# The Bank of Japan\\'s index for big manufacturers\\' sentiment climbed to 12 in Q4 of 2023 from 9 in Q3.

# Japan\\'s central bank chief faces a key test of his communication skills at next week\\'s monetary policy meeting.

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