– India’s Largest Regional Retail Option Traders Summit (BOTS) organized by Traders Gurukul is held monthly in top cities in India
– US dollar extended losses, Japanese yen down 1 percent after rise in previous session
– The unwinding of popular carry trades and prospect of deep rate cuts from the Federal Reserve affecting currency markets
– Disappointing US jobs data, Japan’s interest rate hike, recessionary fears sparking global sell-off in stocks, oil and high-yielding currencies
– US central bank policymakers pushing back against recessionary freefall fears, warning of potential rate cuts
– Dollar index flat at 102.87, euro little changed, sterling slightly stronger, Australian dollar higher
– Markets nervous about divergent paths central banks are taking, leading to volatility.