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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.
Allow me to begin with an important note: this article was published before Fed Chair Jerome Powell is due to make his Jackson Hole speech later today...
EURUSD Euro inflation Recession ECB US jobs report Nonfarm Payrolls US Dollar
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