The US dollar saw a resurgence in value as President Trump allayed worries about Federal Reserve autonomy and progress in trade talks with China. Trump’s comments on Jerome Powell’s leadership and the possibility of tariff reductions based on successful negotiations boosted market confidence. As a result, the dollar index climbed, and key stock futures recorded notable increases.
US Dollar Strengthens on Trump’s Reassurance on Fed Independence and Trade Talks with China; Market Sentiment Boosted.
In Trend
Nuvama Professional Clients Group’s Aakash K Hindocha’s top stock picks: Ambuja Cements, Jubilant FoodWorks, SBI Cards. Nifty’s rally may slow.
