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Economic and fundamental developments 06-04-2022 US session

6 Apr 2022 04:42 PM
  • Equity markets in Europe and the US are down as traders are fearful the Federal Reserve will move to a more hawkish stance. Fears about new sanctions being levied on Russia are weighing on the mood too.
  • The US dollar index hit its highest mark since May 2020, but it has since turned lower. The minutes from last month’s Fed meeting will be posted this evening.
  • WTI and Brent crude are up on the session due to supply worries on account of speculation about new sanctions against Russia.
  • Gold is in the red due to the rally seen in the US dollar earlier, gold is off the session lows as the dollar has pulled back.

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