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In light of the high incidence of corona infection .. the dollar is making gains! 08-07-2020

News Date: 8/7/2020 08:20:53

Oil prices fell today, Wednesday, after the increase in crude inventories, which increases the fears of supply. Therefore, it is expected that US crude production will decline by 600 thousand barrels per day during the current year, which is a decrease of less than 670 thousand barrels in the previous predictions, and it is expected to achieve Full recovery late next year 2021, and the high incidence of Covid 19 in the United States led to doubts about achieving a recovery in demand for fuel, as the numbers of the injury exceeded three million cases !


The US dollar adheres to his gains in light of the high numbers of infection with the virus again, after returning to the imposition of home quarantine measures, and in this range the dollar was traded against the euro at 1,1278, while the dollar was traded against the Japanese yen at levels of 107,58 Japanese yen, While the American dollar pair against the Swiss franc reached the price of 0.99428 Swiss francs, while the British pound was traded at 1,2554 dollars, while the New Zealand dollar remained stable at the price of 0.66545 US dollars.


Gold futures fell today by 0.23%, which was traded in the next August at a price of $ 1505.70 an ounce, and was previously traded on a low session of $ 1803.85 an ounce, while silver futures contracts for the month of September rose by 0 , 38%, to be traded at $ 18,628 an ounce.

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