Daily Digest Market Movers: Lumambot ang Indian Rupee habang tumitimbang ang demand ng USD

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  • Ang Indian rupee ay nanatiling higit na matatag laban sa USD sa kasalukuyang taon ng kalendaryo (CY 2024), na bumababa ng 0.59% lamang sa ngayon.
  • Sinabi ni Chief Economic Advisor (CEA) V Anantha Nageswaran noong Biyernes na ang ekonomiya ng India ay tinatayang lalago sa rate na 6.5-7% sa kasalukuyang taon ng pananalapi sa isang steady-state na batayan.
  • Ang Personal Consumption Expenditures (PCE) Price Index ay tumaas ng 2.2% year-over-year noong Agosto, kumpara sa 2.5% noong Hulyo, ipinakita ng US Bureau of Economic Analysis (BEA) noong Biyernes. Ang figure na ito ay mas malambot kaysa sa mga pagtatantya ng 2.3%.
  • Ang core PCE, na hindi kasama ang mas pabagu-bago ng presyo ng pagkain at enerhiya, ay umakyat ng 2.7% YoY noong Agosto, kumpara sa nakaraang pagbabasa na 2.6%, alinsunod sa pinagkasunduan na 2.7%. Sa buwanang batayan, ang pangunahing PCE Price Index ay tumaas ng 0.1% sa parehong panahon ng ulat kumpara sa 0.2% bago.
  • Ang Consumer Sentiment Index ng University of Michigan ay tumaas sa 70.1 noong Setyembre mula sa 66.0 noong Agosto, mas mahusay kaysa sa mga pagtatantya ng 69.3.
  • Ang mga kontrata sa futures ng rate ng interes ay may presyo sa halos 54% na pagkakataon ng kalahating punto na pagbawas noong Nobyembre, kumpara sa isang 46% na posibilidad ng isang quarter-point cut, ayon sa CME FedWatch Tool.


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