Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.13 per cent to 90.12. The Japanese yen was marginally weak against the US dollar in morning trade. Double-dip recessions are now expected in Japan, the euro area and U.K. as restrictions to curb the virus s spread are enforced.
Brent crude futures, the global oil benchmark, fell 0.07 per cent to $55.37 per barrel.
“On the global front, the focus this week will be on the US Federal Reserve monetary policy due late Wednesday evening,” Goenka said. The Capital Spectator has been quoted by a range of news organizations, including The Wall Street Journal, Reuters and others.
Distance | While aspiring EU member Turkey rebuilds bridges to the bloc, the just-departed U.K. is dismantling them.0