In India, ‘Another Fed-Induced Tightening Tantrum’

Following last week's dollar weakness and concurrent reinvigoration of the reflation trade (perhaps temporary), Nomura's Charlie McElligott is out with his latest daily missive which, as usual, offers a quick "lay of the land", so to speak. Earlier on Monday, Mario Draghi, speaking in Brussels, struck a relatively hawkish tone, adding to the policy convergence impetus which played into last week's dollar pullback. "[The] stable profile of inflation forecasts conceals a slowing contribution fr