Currencies
Consequently, the dollar index – a measure of the dollar against the basket of six major currencies – rallied past the important level of 93 on Tuesday. Moreover, concerns surrounding the third wave of coronavirus seems to help the dollar because of its safe haven tag. As things stand, the dollar is likely to put more downward pressure on the rupee.
Oil
The continuous futures contract of natural gas on the Multi Commodity Exchange (MCX), after blip in the first two months of 2021, began to rally from mid-January. Timing the crude market.
United States
Wall Street has been enjoying a stellar ride this year, touching new highs on several occasions, buoyed by optimism over speedy economic recovery from the pandemic-driven recession. The greenback was aided by the US treasury yields, which saw a minor decline recently, has resumed its upward move. Even the US markets closed marginally weak overnight.
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