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Economic and fundamental developments 08-04-2022 US session

8 Apr 2022 04:42 PM
  • Stocks have rebounded from recent declines amid the headlines about tougher sanctions on Russia. The DAX, the CAC and the FTSEMIB are all up over 1%, while the gains in the US are more modest.
  • This morning the US dollar hit a new 23-month high, but it has since pulled back. NZD/USD fell to a three-week low as the recent retreat in wheat has put extra pressure on the currency pair.
  • Gold continues to trade in a relatively small range as volatility is low. Industrial metals like copper and silver are higher.
  • The Canadian dollar is mixed as WTI and Brent crude have recovered a little from recent losses.

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