On Friday (August 5), the international gold price stabilized near the overnight high of $1,794.84 since July 5, and the rebound in the dollar index slowed the pace of gold prices. However, the deepening economic recession continued to support gold prices, and the market outlook is expected to rise to the $1812-1814 range.
On Wednesday (August 3), international gold prices rose as tense geopolitical tensions offset pressure from rising U.S. Treasury yields after Fed officials made hawkish remarks about raising interest rates. Market sentiment remains fragile amid growing fears of a global recession.
Today, ouchuang will introduce the basic knowledge about foreign exchange CRM system.
Bad dollar! JPMorgan says high U.S. inflation is cooling, Fed may slow rate hikes
European foreign exchange market: The dollar index hits a one-month high, and the Fed's "eagle song" is loud
Financial Associated Press, July 8 (Editor Niu Zhanlin) Affected by the rising risk of economic recession in the euro zone and the strength of the US dollar, the exchange rate of the euro against the US dollar fell to 1 to 1.0074 on Friday, the lowest level in the past 20 years, infinitely close to parity. The euro has fallen more than 10 percent against the dollar this year.
Officials vowed to take action to defend the yen on Thursday, leading investors to believe that the Bank of Japan may soon come to the rescue.
Yingwei financial investment Com - in the European market on Monday, the US dollar fell slightly, but it was still near the 20-year high. Due to the possible slowdown of global economic growth and geopolitical tensions, traders sought refuge.
Financial Associated Press, August 1 (Editor Xiaoxiang) Under the threat of an unprecedented energy crisis in Europe, the depreciation momentum of the euro this year has undoubtedly impressed many investors - the euro fell below 1:1 against the dollar in the middle of last month. the parity mark for the first time in nearly 20 years.
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