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Tag: EURO

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US Dollar at 20-year High as Powell Signals more Rate Hikes

Federal Reserve Chair Jerome Powell’s indications for more interest rate hikes for longer at his Jackson Hole Symposium speech pushed the US dollar to highs last seen two decades ago. The comments sent tidal waves across global markets as they caused global stock markets and equity futures to drop, they
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US Dollar remains close to 20-year high as Central Banks tighten policies

Most Asian shares dropped while Wall Street futures slightly rose today, Monday, as investors worry about tightening monetary policy pushing economies into recession. Chinese blue chips rose 0.5% as they were possibly boosted by news that President Joe Biden could be removing some tariffs on China. Foreign Currency News The

Stocks Revive, US Dollar Declines as China Reopens

Stocks in Asia and US futures went up and seem to be recovering losses today, Monday, after China’s fewer Covid-19 cases prompted the easing of the local lockdowns. China is slowly getting back to normal with Shanghai planning to open on June 1, after a two-month lockdown, while in Beijing