US dollar up on negative news-flow

Jul 27, 2022 | Currency, Economy, Money Market

A barrage of negative news including weaker data, an IMF economic downgrade and surging gas prices has seen US equities fall over 1% and the US dollar recover, notes BNZ Markets. Jason Wong, senior markets strategist says, “The EUR has underperformed, falling 1%, while the NZD shows a modest fall and NZD/AUD settling below 0.90. […]

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US dollar up on negative news-flow

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