Market move● Neutral for Indian equities
Dollar holds firm as French fiscal woes keep euro on back foot
The brief
- Dollar climbed to a 17-month peak as French fiscal concerns weighed on the euro
- Euro zone inflation surges more than expected, keeping pressure on ECB to hike rates
- US dollar reaches 17-month high as global bond rout hits euro
- Eurozone manufacturing PMI reaches four-year high of 52.9 in September
- German inflation hits highest level in almost 3 years
- Inflation jumps across euro zone, raising pressure on ECB to hike