Day: May 23, 2024

Fed Chair Powell continues to guide dollar; Pound, Yen, Yuan remain under pressure on central banks’ policiesFed Chair Powell continues to guide dollar; Pound, Yen, Yuan remain under pressure on central banks’ policies

By Gaurang Somaiya Rupee traded in a narrow range and volatility remained low following no major cues on the domestic and global front. Earlier in the week, Chinese Yuan was weighed down after the PBoC announced a rate cut of two benchmark lending rates. Chinese yuan witnessed marginal selling pressure during the day after the […]