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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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