Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
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Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
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Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
The Federal Reserve's recent rate hike decision caused the U.S. interest rate to be higher than global interest rate, and thereby the economy is receiving more capital inflows.
The economy recorded a marginal fall in net trade, which is mainly because of weaker global demand. If the expansionary monetary policy adopted by Europe, China, and Japan boosts the domestic demand, the U.S. will be a beneficiary. This is because, most of the global trades take place in USD only. Therefore, there is further scope for USD to increase.
"We expect further pass-through from dollar appreciation to weigh on core goods prices through mid-2016. Renewed strength in the dollar since mid-year, particularly against EM currencies, and an accelerated decline in China PPI lead us to project a modest softening in core inflation in the months ahead - a factor which informs our believe that the Fed will execute three additional rate increases in 2016 instead of the expected four", says Barclays in a research note.
