8.22.2022 FxGecko Forex News
2022-08-22 10:20:21
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1.Forex:

USD index rose 0.61 percent to 108.13, the highest since July 15.

EUR fell 0.54 percent to $1.0033, the lowest since July 15.

USD rose 0.73% to 136.87 against JPY, the strongest since July 27.

GBP fell 1.03% to $1.1813, its biggest weekly loss since September 2020.

2.Gold: Gold prices fell for a fifth straight session on Friday, marking the longest sustained round of declines since last November, weakening its appeal as the dollar strengthens and the U.S. ushers in more interest rate hikes.

3.Crude oil: Oil prices were steady on Friday, but fell last week, weighed down by a stronger dollar and concerns that a slowing economy will weaken crude demand.

4.Stocks: U.S. stocks were lower on Friday, led by large-cap stocks in general, as U.S. Treasury yields rose; the S&P 500 fell last week after four consecutive weeks of gains.

Market News:

1.Greece's withdrawal from the EU's enhanced monitoring mechanism is expected to repay 75% of its loans by 2059

2.Food prices and energy prices in European countries remain high due to the backlash effect of U.S. and Western sanctions against Russia.

3.British people's energy bill may reach £6,000 next year.

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