- “The rupee depreciated by 0.2 percent in August to currently trade at 83.87 per dollar, close to its lifetime low of 83.97 per dollar. This was despite the weakening of the US dollar. The factors that impacted the rupee are a slowdown in FPI inflows (mainly the equity segment), and increased dollar demand by importers. In contrast to most global currencies, which rose against the dollar, the rupee declined,” noted Sonal Badhan, economist at Bank of Baroda.
- India's economic growth slowed to a 15-month low of 6.7% in the April-June quarter, according to data released by the statistics ministry on Friday. This follows a 7.8% expansion in the previous quarter.
- The US Personal Consumption Expenditures (PCE) Price Index rose 0.2% MoM in July, matching the market expectation, the Commerce Department reported on Friday. On a yearly basis, the PCE inflation remained unchanged at 2.5% in July.
- The core PCE, excluding volatile food and energy prices, increased 0.2% for the month but rose 2.6% from a year ago. The annual figure was slightly softer than the 2.7% expected.
- Traders slightly raised bets of a 25 basis points (bps) rate cut by the Fed in September to around 70%, with a 50 bps reduction possibility standing at 30% following the PCE inflation report, according to the CME FedWatch tool.
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: followme.asia
喜欢的话，赞赏支持一下
加载失败()