The dollar is strong because U.S. economic data is better than expected. This makes it less likely that the Federal Reserve will cut interest rates soon. The yen is weak after new tariffs from U.S. President Donald Trump. People are watching U.S. consumer spending data to see if the economy needs more help from the Fed.
Nifty reclaims 200 WMA; eyes further gains as key resistance shapes next move
Indian equity markets rebounded 2.78%, with the Nifty reclaiming its crucial 200-week moving average. However, weak momentum indicators and overhead resistance warrant caution. Banking, metal,