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On Wednesday, oil prices dropped due to worries about global demand amid China’s economic slowdown and anticipated US commercial stock increases, despite Middle East tensions.
April 2024: Key Currency Movements & Economic Shifts
Quick Look: EUR/USD fell below 1.0635, setting new lows since last November; USD/JPY reached its highest level since 1990, showing strong dollar demand; GBP/USD is
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April 2024: Key Currency Movements & Economic Shifts
Quick Look: EUR/USD fell below 1.0635, setting new lows since last November; USD/JPY reached its highest level since 1990, showing strong dollar demand; GBP/USD is under pressure, possibly dropping to 1.2325; Fed’s rate hikes total 525 basis points since March 2022; U.S. federal debt is projected to reach $40 trillion
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