11 Jan 2022 , 03:48 PM
The US Dollar Index is trading down marginally at 95.87 with the US monetary policy uncertainty weighing on the currency. Dollar index has been witnessing steady support around one week low of 95.70 mark this week. The US Federal Reserve Chair Jerome Powell, in comments prepared for delivery at a congressional hearing, stated that the US economy has rapidly gained strength despite the ongoing pandemic, giving rise to persistent supply and demand imbalances and bottlenecks, and thus to elevated inflation. Powell has pledged to prevent higher inflation from becoming entrenched. Powell testimony before the Senate Banking Committee is due Tuesday. Dollar index is caught in a tight range ahead of the testimony. Risk appetite also seems to be holding up given the good intraday bounce in the US equities last night.
Powered by Commodity Insights
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2026, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
