On Friday, August 25, 2022, the most recent Forex news
will be released.
The slowdown of the global economy due to the
protracted Russia-Ukraine war, the implementation of coronavirus lockdowns in
China, and the majority of central banks' decisions to tighten their monetary
policies has raised concerns among global investors.
Despite these several negative global economic
conditions, the US dollar has continued to go strong and gather strength, and
the greenback (DXY) reached its highest level in more than two years at 101.73
on early Monday. The strong negativity in the global economic market has led
the US stock index futures to fall by 0.7% to 0.8%. As per the IFO business
sentiment survey from Germany, the 10-year old US Treasury bond has lost more
- EUR/USD: The victory of Emmanuel Macron in the second
round of the French elections created positive vibes in investors by
recovering a small portion of their daily losses with a touch of 1.0700
during the Asian trading hours, but it quickly reversed as the trading
went below 1.0750.
- The GBP/USD currency pair
lost 1.5% on Friday when the Great British pound underwent heavy selling
pressure on the back of disappointing macroeconomic data releases.
- Despite the fall in the US
Treasury bond, gold is still struggling to find demand at the start of the
week. The XAU/USD is trading below $1920 in the early morning.
- The Japanese Yen attracts
investors as a safe haven with the USD/JPY currency pair hitting lower.
- In the early morning, bitcoin
broke down below $40,000, and BTC/USD was losing more than 2% on a daily
basis and ended at around $38,500.