4 Global Market Updates- 4 August, 2022

In this article, we have covered the highlights of global market news about the US Dollar Index, EUR/GBP, USD/JPY and Australia’s trade surplus.
The US Dollar Index seems cautious at about 106.30.

As measured by the US Dollar Index (DXY), the dollar continues to trade cautiously at 106.30 against a background of rising US yields and shifting risk appetite trends.

The dollar’s recovery has slowed down in reaction to recent hawkish remarks from FOMC members Daly, Bullard, and Mester, who justified more tightening in the coming months. This development is also consistent with the rise in US rates throughout the curve, notably in the short end.

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