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Dollar downside halted as China Covid concerns deepen
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less hawkish than recent chatter.
US stock futures have perked up this morning on news that China will cut its quarantine time on foreign travellers. This comes as Wall Street pared gains after initially rising from stronger-than-expected US durable goods data.
Oil traders have been kept on their toes all day Thursday.
Markets had a lot of new information to digest, resulting in oil prices being whipped about over the past few hours.
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less ...
US Dollar DXY Covid-19 China safe haven Federal Reserve rate hikes inflation Fed speak FOMC Crude Oil OPEC+ Recession
US stock futures have perked up this morning on news that China will cut its quarantine time on foreign travellers. This comes as Wall Street pared ga...
Stocks S&P 500 cfd on indices Brent Crude Oil OPEC+ Russia-Ukraine war