But how were the financial markets prior to the release of American inflation data?
In a related vein, the Federal Reserve’s most recent meeting’s minutes showed that the Open Market Committee members reaffirmed their commitment to increase interest rates to combat inflation while promoting employment and price stability.
Regarding yesterday’s close, the three most important Wall Street gauges all experienced small drops. The Dow Jones Industrial Index fell 0.
10%, but that’s still a long way from 200 points out of 29 000 points.
The Standard & Poor’s 500 index dropped by 0. 33% and closed at 3,577 points after briefly dropping by 4,000 points. Finally, Nasdak closed at 10,417 points, down 0.09 percent.
Even though it was the first time since 1998 that the Japanese Central Bank intervened in support of the yen, the dollar continued to decline against the yen yesterday on the currency markets and offset all of Japan’s recent interventions in the exchange market to stop the depreciation of its currency. As a result, nothing the Japanese Central Bank did to restrain the dollar had any effect.
As a result, the dollar reached its highest new level in 24 years during yesterday’s session and moved 100 points away from the intervention levels, which were at 146.
He is still trading without a tie area for the euro/dollar pair and finds it challenging to go back there because of the recent effects on Germany’s economy, which is the largest in Europe, the war in Ukraine, the eurozone’s impact from rising energy prices, and other factors.
Regarding the pound sterling, it hasn’t lost any of the significant gains it made after falling by nearly 10% and over a few sessions to levels near $1.00.
Due to Wall Street’s opening and the intertwining of European and American liquidity, Thursday is historically regarded as one of the sessions with the greatest volatility and price changes.
Particularly for this data. The world’s stock exchanges are their breath
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