Forex Today: Dollar keeps rallying in a risk-off scenario – by ValBednarik EURUSD XAUUSD Inflation Recession
The American dollar reached fresh highs against most major rivals, asNews coming from China spurred the dismal mood, as inflation in the country surged by 2.5% YoY in June, above the market’s expectations. Furthermore, Shanghai officials reported the first case of the coronavirus Omicron sub-variant BA-5, spurring concerns of a new lockdown in the region just a few weeks after the end of a month-long isolation mandate.trades in the 1.0040 price zone, its lowest since December 2002.
. Nevertheless, and despite back and forth, the US yield curve remains inverted, hinting at an upcoming recession.remained stable, with the barrel of WTI now at $103.65.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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