archiveMacroeconomics

The Indian Rupee strengthens in Tuesday’s Asian session. The Fed’s dovish stance and lower crude oil prices support the INR, but renewed US Dollar demand might cap its upside. Investors brace for India’s HSBC Manufacturing PMI data and Fed’s Powell speech later on Tuesday. The Indian Rupee (INR) edges higher on Monday as the dovish remarks from the US Federal Reserve (Fed) and rising fiscal worries undermine the Greenback. Additionally, a decline in Crude oil prices provides some support to the INR. It’s worth noting that India is the world's third-largest oil consumer, and...

The beginning of the week will be quite dynamic, with flash inflation releases in several CEE countries. In fact, June inflation numbers will be flowing throughout the week. On Monday, Croatia and Serbia will publish retail sales and industrial output growth in May. Serbia will also release its May trade balance. Later in the week, trade data will be published by Hungary and Slovenia. Hungary will also release industrial production in May at the end of the week. On Wednesday, Poland’s central bank is to hold a rate-setting meeting; we...