The U.S. dollar weakened against the euro and yen as markets anticipated a Federal Reserve interest rate cut. Traders have fully priced in a 25 basis point cut, with focus on Chair Powell’s comments for future easing pace. The market is also watching to see if policymakers considered a larger 50 bps cut.
GIFT Nifty hits record open interest of $21.56 billion; contracts touch all-time high
GIFT Nifty has hit a record open interest of $21.56 billion, reflecting rising global investor participation in India’s offshore derivatives market. The milestone, achieved on