2 September 2022 FxGecko Forex News
2022-09-02 11:15:55
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FOREX: The dollar index hit a new 20-year high on Thursday, with the interest-rate-sensitive yen touching a 24-year high. This came after US data showed a resilient economy, giving the Federal Reserve more room to aggressively raise interest rates to curb inflation.

Gold: Gold prices fell below the key $1,700 level on Thursday for the first time since July, as a rising dollar and expectations of aggressive interest rate hikes weakened gold's appeal.

Crude oil: Oil prices plunged nearly 3% on Thursday as concerns mounted that high inflation and interest rate hikes were weakening fuel demand.

Investors are focused on Friday's release of the US non-farm payrolls report for August, which will be one of the key figures guiding Federal Reserve policymakers at their September meeting.

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