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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast With Ravindra Rao | 22nd May 2023
Description: Market sentiments were mixed in the previous week as optimism of debt ceiling resolution supported risky assets whereas rising speculation that the Fed may raise interest rates again kept traders cautious.• However, moderately dovish stance by Federal Reserve Chair Jerome Powell, that the US central bank may not need to raise interest rates as much, given how credit conditions have tightened, led to dollar retreat from two month high of 103.62.• The new range in Dollar Index now might be 105-102.80 provided the US debt ceiling deal goes through. A close below 102.20 would once again make dollar weak. • On the precious metals...