MARKET OVERVIEW GLOBAL TRACKER : 29.08.2016
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Markets in Asia are trading on a weaker note after the hawkish comments from the FED chair and
vice chair pushed the chances of a rate hike higher and drove equity markets lower.
US dollar index is trading at 95.48, appreciating against all the majors since Friday and the appreciating trend is likely to continue for the day. Rupee is set to open on a negative note and the US dollar strength is set to continue till the non-farm payrolls data on Friday.
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Markets in Asia are trading on a weaker note after the hawkish comments from the FED chair and
vice chair pushed the chances of a rate hike higher and drove equity markets lower.
US dollar index is trading at 95.48, appreciating against all the majors since Friday and the appreciating trend is likely to continue for the day. Rupee is set to open on a negative note and the US dollar strength is set to continue till the non-farm payrolls data on Friday.