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Market move● Neutral for Indian equities
Yen bounces, yet dollar strength keeps pressure near 160
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Dollar gains as US yields and rate bets rise
A firm dollar and rising US Treasury yields, supported by strong manufacturing data and expectations of further rate increases, pressured other currencies. The Indonesian rupiah was on track for its steepest weekly fall since May.
Friday, 25 September
- Yen bounces, yet dollar strength keeps pressure near 160