INR News and Press, Market Vectors Indian Rupee/USD ETN From 05/14/21

April PMIs for BRIC economies show continued strengthening in the recovery in China and Russia, moderation in the recovery momentum in India and deepening collapse in the recovery in Brazil. BRIC as a group underperformed Global PMIs in April in both Services and Manufacturing, althou...

China returned from its extended May Day holiday to find fresh confrontation over its domestic and international actions. The dispute over fishing rights in UK waters, a difficult negotiating point in last year's trade talks, has escalated this week. The Biden Administration commi...

With today's GDP report, we should see the "V" shape emerge and continue to be drawn out of the next few quarters. Assuming the economy performs as expected, a further upgrade is likely at the next Fed meeting in June, which also sees updated forecasts. Stronger business confidenc...

Ahead of the FOMC meeting outcome and Biden's address, the US reports the advanced goods trade balance and some inventory data. Apple reports its earnings today, but the EU appears poised to take up anti-trust action against it. After rejecting the $1800-level last week, the yello...

The selling pressure on the greenback, evident last week despite a series of stronger-than-expected economic reports, carries over into the new week's activity. UK and EU officials met at the end of last week, but there is still no resolution of the vexing Northern Irish border proble...

In recent months, we've received many questions about how we expect emerging markets will perform once the Federal Reserve does begin removing monetary stimulus. We believe once the market becomes comfortable with global vaccine rollouts and herd immunity, we will see a sustained resu...

Brazil Composite PMI fell from 54.4 in 4Q 2020 to 52.1 in 1Q 2021, marking a slowdown in growth conditions in the economy. Russia Composite PMI increased from recessionary 47.7 in 4Q 2020 to still negative-growth (albeit statistically, indistinguishable from zero growth) 49.5 in 1Q 20...

Global PMI highest since August 2014. Manufacturing reports robust expansion despite supply delays, services boosted by easing of COVID-19 restrictions. Consumer services show signs of steadying after steep downturn. US leads upturn, Brazil lags. For further details see:...

The heavier tone for the dollar that emerged last week persists. The final read of the EMU services and composite PMI was better than the flash reading. There is no reason to expect much fresh color on the Fed's views or reaction function from the FOMC minutes. For further d...

The US is in an enviable position, an accelerating economy, a vaccine rollout that is gaining momentum, averaging more than 2 mln jabs a day, at the end of Q1, and interest rates that remain low by any standard except when during the heart of last year's shutdown. The euro fell for th...