8.24.2022 FxGecko Forex News
2022-08-24 09:57:16
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1.Forex: USD index fell 0.376% to 108.58 on Tuesday, having earlier touched 109.27, its highest level since hitting a new 20-year high in mid-July.

2.Gold: Gold prices rose on Tuesday, ending a six-day losing streak, after data released showed weak U.S. corporate activity, dragging the dollar and U.S. Treasury yields lower.

3.Crude oil:

Brent crude rose 3.9 percent to close at $100.22 a barrel.

U.S. crude rose 3.7 percent to close at $93.74 a barrel.

4.  Stocks: 

The S&P 500 fell 0.22% to close at 4128.73

The Nasdaq was flat at 12,381.30 points. 

The Dow Jones Industrial Average fell 0.47% to 32,909.59 points.

Market News:

1.About 64% of Europe is in drought alert or warning status, and cereal production is expected to be 16% lower than the 5-year average and 15% lower for corn.

2.The Italian Association of Homesteaders expects 2.6 million people in the country to be at risk of starvation this fall.

3. An eight-day strike at the British port of Felixstowe has disrupted $4.7 billion worth of trade.

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