This daily newsletter is an essential source of macroeconomic information and analysis from across the globe, brought to you every morning before the trading day begins. In today’s issue, Breakfast on Wall Street (BWS) analyzes the downward spiral in the Indian Rupee against the US Dollar. The newsletter follows macroeconomic themes globally and in India to identify the triggers for this fall, where the currency will stabilize and how investors can gain from these developments. The report also analyzes all major news items from yesterday, and after-hours information, to provide investors an unbiased look at the markets.
Today’s edition of Breakfast on Wall Street is available on the following link at http://wallstanalyst.com/BWS09032013
Today’s Special: The Falling Indian Rupee
The last four months have seen an extraordinary fall in emerging markets (EM) currencies. The primary focus of discussion among economists and institutional investors has been about the Indian Rupee (INR), which has fallen by 24% in this period. From INR 54/USD at the beginning of May, the INR reached an all-time low of 68.83 per US Dollar (USD) on August 28th. The publication takes a close look at fundamental reasons for the INR’s free fall, where it will land and how investors should treat this news. India is the world’s third largest economy in Purchasing Power Parity. Additional analysis on the Indian Rupee and the Indian economy can be accessed by registering on www.WallStAnalyst.com and reading BWS, available at http://wallstanalyst.com/BWS09032013
Markets were down last week primarily on macroeconomic news and fears that the Fed will significantly cut down on its bond buying. A better-than-expected GDP data caused markets to realize that the Fed will taper soon, but data on businesses and housing reminded it of the slow pace of the recovery. Additional analysis on last week’s economic data and the markets can be accessed by registering on www.WallStAnalyst.com and reading Breakfast on Wall Street, available at http://wallstanalyst.com/BWS09032013
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