NISM Series XIII Common Derivatives Certification Exam Notes

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  • Industrial Production (IIP): Measures industrial sector output; higher IIP may strengthen currency.
  • Consumer Price Index (CPI): Indicates inflation; effect depends on central bank response.
  • Real Interest Rate: Higher real rates attract foreign inflows, supporting currency strength.
  • Trade and Current Account Deficit: Widening deficits generally weaken domestic currency.
  • Non-Farm Payrolls (NFP): Key US employment data; higher numbers strengthen USD.

NISM Common Derivatives

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