4 Global Market Updates- 12 July, 2022

 

In this article, we have covered the highlights of global market news about the AUD & USD, Gold Prices, Euro, and Bitcoin.

Inflation and recession weigh on the Australian Dollar while the U.S. Dollar gains ground.

The Australian Dollar fell to a two-year low overnight as demand for U.S. dollars increased in the face of rising dangers to global economic development.

Fears of a recession are fueled by tightening monetary policy to combat rising inflation, while China’s zero-case Covid-19 policy restrains activity in the second-largest economy in the world. Risky assets, notably the Australian Dollar, have been pressured by these headwinds.

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#forex #gold #goldprice #euro #usd #aud #bitcoin #cryptocurrency #US #edgeforex

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