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Economic and fundamental developments 05-04-2022 US session

5 Apr 2022 04:42 PM
  • The EU announced plans to reduce its dependence on Russian coal, and that has heightened tensions between European governments and Moscow. Stocks in Europe and the US are lower as a result.
  • Oil has rebounded following the announcement the EU intends to phase out its dependency on coal from Russia.
  • The Reserve Bank of Australia (RBA) kept interest rates on hold, meeting forecasts. The Australian dollar is driving higher as the RBA issued a positive outlook.
  • Due on renewed tensions surrounding the war in Ukraine, the euro is in the red again.

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