Economic and fundamental developments 08-04-2022
8 Apr 2022 12:37 PM
- The US Dollar continues to edge higher supported by rising yields across the curve. The Greenback is at a 2-year high today as the US Federal Reserve has upped bets for rate hikes for this year.
- Crude oil is down again with the WTI futures contract near $95.00 per barrel and the Brent contract sliding under $100. Gold is steady near $1930 an ounce.
- Equity markets have been somewhat trading in a range but have consolidated after Thursday’s losses.
- Number of ECB members are scheduled to speak today. Canada will see jobs numbers and the US wholesale inventory data will be released
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