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Libyan oil exports under force majeure as political crisis increases. The best advice appears to be: bet on the vaccinations to work, keep monitoring the global economy and keep an eye on gasoline demand. During July, Federal Reserve Chairman Jerome Powell mentioned his concerns about labor market growth twice in his public speeches. We may have seen emerging signs that stock market and gold traders are banking on dampened fears over inflation, Fed easing policy.
The unexpectedly hawkish message delivered by the Fed last week took the markets by surprise, with cable one of the big losers. The policy paths of the BoE and the Fed now appear to be diverging. Financial News. Read More.
Taiwan scrambles 29 jets to warn away Chinese planes in its air defence zone. Attorney General Garland visits Ukraine on Tuesday. Supreme Court rejects Bayer bid to nix Roundup weedkiller suits. Wall Street set for bounceback but recession risk keeps investors cautious. Euro supported by ECB policy plans, yen falls to year low. Crypto fears now materialising, central bank body BIS says.
Cryptoverse: Crypto lenders face a DeFi drubbing. Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze. Jun 20,
Latest EUR market news, analysis and Euro trading forecast from leading DailyFX experts and research team. Europe Currencies, Currency Markets, News and Rates on Europe Currency. The euro rose on Tuesday, drawing support from the European Central Bank's plans to raise interest rates to contain inflation, while the yen.