Russian Offensive Campaign Assessment, May 19, 2024 criticalthreats.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from criticalthreats.org Daily Mail and Mail on Sunday newspapers.
The past week was filled with both events and the release of macroeconomic data. Regarding the Federal Reserve meeting on July 26 and the European Central Bank meeting on July 27, there were no surprises in terms of key interest rate hikes. In both cases, they were predictably increased by 25 basis points (bps): to 5.50% for the dollar and to 4.25% for the euro. Therefore, market participants' attention was drawn to the statements made by the heads of these regulators following the meetings.
When the DXY Dollar Index dropped to April 2022 levels (99.65) on July 14, many market participants concluded that the best days for the American currency were over. Inflation is nearing target levels, and in order not to suffocate the economy, the Federal Reserve will soon initiate a campaign to ease its monetary policy. However, things aren't that straightforward. After reaching a peak of 1.1275 on Tuesday, July 18, the EUR/USD pair reversed and started to decline.
the collapse of American banks threatens a new Great Depression archyde.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archyde.com Daily Mail and Mail on Sunday newspapers.