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The dollar is recovering from the interest rate hike

News Date: 15/12/2022 03:10:42
 

The dollar was able to achieve clear gains today, after the Federal Reserve raised interest rates by 0.5%, it's expected to rise more than that, and exceed 5%, according to what President Jerome Powell said.

The euro fell by 0.29%, to $1.0651, while the British pound fell by 0.34%, to $1.2386.

 

As a result of higher interest rates, gold prices fell, according to the Comex classification of the New York Mercantile Exchange, they fell by 0.87%, to trade in February at a price of $ 1802.95 an ounce.

 

Crude oil futures were also lower during the Asian session on Thursday, falling by 0.79% to trade in January at $76.67 a barrel.

It was previously trading on a lower session at $76.42 per barrel.

 

Japanese stocks ended the day lower due to fears of the Federal Reserve’s decisions, which decided to continue raising interest rates for a longer period.

The Nikkei index ended trading in decline, as it fell by 0.37%, recording 28,051.70 points, after it had recorded an increase for a short period during the session.

While the broader Topix index fell by 0.18%, to 1973.90 points.

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