US dollar set for worst week since July as Fed rate cut looms

The U.S. dollar is poised for its worst weekly drop since late July, driven by increased expectations of Federal Reserve rate cuts following softer labor data. Traders are pricing in a high probability of a cut in December, despite inflation concerns. Meanwhile, anticipation builds for the Bank of Japan’s meeting, with potential signals of a rate hike influencing the yen.

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FPIs withdraw Rs 48,056 cr from D-St in Oct

Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation