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The dollar has gained a small safe haven bid, the antipodean currencies are sinking, and US stock futures are in the red after Monday’s solid day of gains.
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.
Asian shares edged cautiously higher on Tuesday, tracking a rebound in Wall Street overnight despite disappointing economic data from China and the US fuelling recessionary fears.
The dollar has gained a small safe haven bid, the antipodean currencies are sinking, and US stock futures are in the red after Monday’s solid day of...
China external trade Recession inflation CPI USDJPY Japanese Yen Gold Bullion Treasury yields
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
Asian shares edged cautiously higher on Tuesday, tracking a rebound in Wall Street overnight despite disappointing economic data from China and the US...