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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: #Breeze who wrote (182468)11/11/2022 4:25:00 PM
From: da_cheif™  Respond to of 208188
 
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To: #Breeze who wrote (182468)11/11/2022 4:25:37 PM
From: threedrives  Read Replies (2) | Respond to of 208188
 
DOLLAR

forexlive.com

Forexlive Americas FX news wrap: Greenback falls the most this week since March 2009Forex news for North American trading on Nov 11, 2022



Greg Michalowski
Friday, 11/11/2022 | 16:20 GMT-5

US stocks close higher on the day. Close out a stellar week for the major indices. Crude oil settles the week at $88.96 S&P index trades at 4000 Feds Collins: See further Fed rate hikes ECB's de Cos: The 75 basis point hike does not imply a similar move at the next meeting Major European indices end the day with mixed results BOEs Haskel : Important for monetary policy to stand firm against risk of inflation Univ. of Michigan preliminary sentiment index for November 54.7 vs 59.5 last FTX commences voluntary Chapter 11 proceedings in US G20 leaders to say: Russia's war in Ukraine has adversely impacted the global economy Binance Chao: Full impact of meltdown at FTX had yet to be felt ECB de Guindos: It could be the market may be underestimating inflation's persistence SNBs Jordan:Current monetary policy is not sufficient least restrictive to lower inflation BOE Tenreyro: Extremely challenging times for the UK and the global economy The JPY is the strongest and the USD is the weakest as the NA session begins ForexLive European FX news wrap: Dollar poised for worst two-day drop since 2009The USD moved lower for the 2nd consecutive day and the 5th day in the last 6 trading days.

The dollar index (DXY) is down nearly 4% this week with all the major currencies gaining vs the greenback. The decline is the largest % fall since March 2009. The better-than-expected CPI on Thursday was a catalyst for the sharp move lower especially over the last 2 trading days.