8.30.2022 FxGecko Forex News
2022-08-30 10:15:27
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1.Forex: The dollar index hit a new 20-year high on Monday, helped by Fed Chairman Jerome Powell's hawkish speech, but the rally was limited and fell from the highs at the end of the session as the euro was boosted by expectations of an interest rate hike by the European Central Bank. The dollar index touched 109.48 early in the session, the highest since September 2002.

2.Gold: Gold prices turned down to up on Monday as the dollar rally lost momentum, and earlier in the day, gold prices touched a one-month low, weighed down by the Federal Reserve's hint on Friday that it would continue to raise interest rates sharply.

3.Crude Oil: Oil prices settled up more than 4% on Monday, extending last week's rally as a possible OPEC+ production cut and the conflict in Libya helped offset the impact of a strong dollar and a gloomy outlook for U.S. growth.

4.Stocks: U.S. stocks closed lower on Monday, extending last week's selloff.

Market news:

1.Turkish Strait transit fees to increase fivefold

2.Ukraine's Deputy Prime Minister: Ukraine's EU accession talks may start next year

3.GDP growth in OECD region remains weak in the second quarter

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