India raising rates has pulled US stocks down based on risk aversion to the sentiment that growth will be impeded. As expected based on their normal correlations, this has strengthened the USD and JPY against the other major currencies. March 19 (Bloomberg) — U.S. stocks declined, ending an eight-day winning streak for the Dow Jones Industrial Average, as India’s unexpected interest rate boost spurred speculation withdrawals of economic stimulus will curtail global growth. Read the full […]