Forex News March 19, 2022

 

White House

Biden explains the ramifications of China’s assistance to Russia. Biden has described the consequences if China provides material support to Russia in his call with Xi. He told Xi that the US policy toward Taiwan has not changed.

Xi appears to be in a difficult situation.

Fed

Barkin of the Fed says he is’very open’ to a 50 basis point move if inflation does not begin to settle.

At the moment, the chances of a 50 basis point cut on May 4 are 47 percent. This debate will last a long time.

• The yield curve is a ‘useful predictor,’ but not a ‘destiny.’ Balance-sheet reduction should begin’soon.’

Europe

European stocks finish the session higher.

Major indices end the week with solid gains

The major European indices ended the day with mixed results, but all ended with solid gains.

The following are the day’s closes:

Germany’s Dax increased by 0.1 percent; France’s CAC increased by 0.1 percent; and the UK’s FTSE 100 increased by 0.3 percent.

Ibex, Spain, +0.1 percent

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