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September 20, 2021
Weekly Currency and Commodity Levels
RBI REFERENCE RATE
CHANGE IN %
U S DOLLAR INDEX
FUNDAMENTALS OF CURRENCY:
The dollar index rallied to around 93.2 on Friday,
the highest since August 22nd, after the
Michigan Consumer Sentiment came below
forecasts, raising further uncertainty on when
the Federal Reserve will start cutting stimulus.
Early in the week, fresh data showed retail sales
unexpectedly rose in August and the inflation
slowed more than forecasted but remained high.
Investors now await the FOMC meeting next
week for further clarity on when the Fed will
start cutting stimulus. On the week, the dollar
gained 0.7%, a second straight week of rises.
The British pound changed hands at $1.38 on
Friday, its lowest level for over a week, after
unexpectedly declined for a fourth consecutive