The Dollar is consolidating at a two-decade high, while the Euro has reached parity.

 

On Friday, the value of the United States Dollar remained stable at a level that had not been seen in 20 years, despite a widespread wave of risk aversion that swept through global markets. Traders were toying with the possibility that the Federal Reserve might raise interest rates by 100 basis points later this month.

A deluge of negative news over the previous day and a half impacted the mood, which led to the decline in the value of risky currencies such as the Australian Dollar and the British pound.

As the earnings season for U.S. banks started on a weak note, China’s growth in the second quarter tanked more than was expected. Italy faced a new political crisis; the Dollar rose to its highest levels since September 2002, above 109, against a basket of its competitors. This occurred at the same time that the Dollar reached its highest level since September 2002.

Read More...

EDGE-FOREX 

#silver #copper #silverprice #copperprice #usd #jpy #forexmarketupdate #forextrading #edgeforex

Comments

Post a Comment

Popular posts from this blog

4 Global Market Updates- 11 July, 2022

  In this article, we have covered the highlights of global market news about the  UK Conservative leadership, Fiscal policy, US Dollar , and Natural Gas . Candidates for the UK Conservative leadership present contrasting tax strategies. Jeremy Hunt, a candidate for the UK Conservative leadership, said on Monday that he wants to reduce all taxes. “I can decrease taxes within our present budgetary laws,” Hunt continued. While this is happening, several UK media sites claim that UK Finance Minister Nadhim Zahawi intends to impose 20 percent budget cutbacks across the board to pay for his proposed tax cuts. Zahawi ran for the position of prime minister after Boris Johnson. Read More... forex managed account services   #globalmarket #UK #USD #tax #naturalgas #dollar #forex #trading #trade #edgeforex
Read more

4 Global Market Updates- 22 July, 2022

  In this article, we have covered the highlights of global market news about the Price of Natural Gas, Dollar , Crude Oil Prices and  Gold Price . Futures for natural gas: Further increases seem to be unfavorable On Thursday, open interest in natural gas futures markets decreased by around 3.2 thousand contracts, which was the opposite of the previous increase when advanced prints from CME Group were included. After three days of daily increases, volume followed suit and decreased by roughly ten thousand contracts. Read More... forex factory   #leverage #fxtrading #foreignexchange #trading #forextrading #risk #forexnews #globalmarket #edgeforex
Read more

Sri Lanka is running out of gasoline

  Sri Lanka’s newly appointed prime minister has stated that the cash-strapped island nation has run out of petrol, and that the country urgently needs $75 million in foreign exchange in the coming days to pay for essential imports such as medicine.  He also stated that the government was unable to raise funds to pay for three oil shipments, with the ships awaiting payment outside the Colombo harbor before discharging their cargoes.  ” The following couple of months will be the most irksome this country has anytime defied.” Obviously, this affects all aspects of life, not just the industrial and manufacturing sectors, but also daily life, children going to school, and every other aspect you can think of.  “People did not have a clear picture of how bad things were so far.” Reassurances from successive politicians did not help because people had a false sense of optimism that everything would be fine.  Read More... forex trading strategies #edgefore...
Read more