In a refreshing turn for currency markets, the Indian rupee appreciated sharply by 0.86% today, closing at ₹86.05 per dollar after making an intraday low of ₹85.93. At the same time, the US Dollar Index (DXY) tumbled heavily to 97.42, marking a 52-week low.
Global market sentiment saw a lift after Federal Reserve Governor Michelle Bowman signaled that a rate cut could be on the table as early as July’s FOMC meeting — provided inflation and labor market data remain supportive.
The geopolitical and economic chessboard just got more complicated for India. After deploying bunker-buster bombs on Iran’s underground nuclear facility at Fordow, the US is now preparing an “economic bunker-buster” for countries like India and China
In a dramatic escalation of Middle East tensions, the United States launched an attack on Iranian nuclear sites on Saturday,
Asian markets opened on a mixed note today after Japan released its latest inflation figures — and the numbers have raised concerns across the region.
The global financial markets saw a mix of policy decisions and economic data releases today, which have collectively shaped investor sentiment across Asia and Europe.
The term stagflation is resurfacing in financial circles as concerns grow about the direction of the US economy in 2025.
On June 19, 2025, Norway’s central bank, Norges Bank, delivered a surprise 25 bps cut to its key policy rate, bringing it down to 4.25%—the first such move since the COVID‑19 era.
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