While FY21 was the worst year for the economy since Independence, it was the best-ever for equity investors. The Nifty 50 rose over 100% even though Indias GDP growth shrunk to a negative 7.3% during the period. So, how have the benchmark indices performed so well despite the dismal state of economic recovery and what is the road ahead?
What is driving the US Dollar higher?: DXY
Joe Perry June 3, 2021 7:59 PM
With the possibility of a stronger than expected NFP print for May, the DXY has gone bid on taper hopes. Share:
The US Dollar Index (DXY) was on a tear today. The US session began with the DXY selling off after Russia announced that they were exiting US Dollars from their Sovereign Wealth Fund. However, that move later reversed, and the DXY turned sharply higher with a better than expected ADP Employment Change figure for May, as well as, with a better than expected initial Jobless Claims figure for the week ending May 29
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