EURUSD: Plummeted due to USD factors
Monday saw the U.S. Dollar reach its highest level since March, as investors sought safer options amidst speculation that central banks would maintain high interest rates to curb inflation. This development coincided with a decline in U.S. government bonds, while stocks remained steady.
Traders are increasingly wary of the potential inflationary impact of rising oil prices, which could complicate efforts by policymakers to lower rates in the near future. Hedge funds have increased their exposure to oil, betting that shrinking supplies will drive demand.
Traders are increasingly wary of the potential inflationary impact of rising oil prices, which could complicate efforts by policymakers to lower rates in the near future. Hedge funds have increased their exposure to oil, betting that shrinking supplies will drive demand.
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