Will the RBNZ support the kiwi?
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
India's October retail inflation hits seven-month maximum
In October, India's retail inflation climbed up to a seven-month maximum, powered by faster ascends in prices of food as well as fuel products, thus dampening chances of an interest rate drop by the country’s major financial institution next month.
In October, India's annual consumer inflation soared to 3.58% from 2016, as government data disclosed on Monday.
Experts surveyed by Reuters had expected October's CPI inflation rate to ascend to 3.46% from September's outcome 3.28%.
Some market experts expect India's decision on Friday to reduce tax rates on up to 178 items, including detergent powders and chocolates to from 28% to 18% could marginally decrease retail inflation in the nearer months.
In India, retail inflation has been steadily ascending since June, when it relieved to 1.46%, which is its slowest tempo since this country started publishing such figures in January 2012, built around combined data for rural as well as urban consumers.
Similar
Main market movements on September 21
The US dollar and the Japanese yen has started the week on the positive footing amid rising new virus cases.
CAD is in focus
Follow Canadian core retail sales on September 18 at 15:30 MT time!
Latest news
Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
Main market movements on September 22
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.
Deposit with your local payment systems
