Forex markets are responding to continuing shifts in central bank policies. Currently, the Dollar is on the rise while the euro has hit a downtrend.
The spectre of a recession stimulated by swift interest rate hikes to fight inflation has been raised once again. Expert opinions and the values of national currencies are diverging as the future remains unclear.
A combination of factors have led to the euro losing ground against the greenback. Federal Reserve policy and the EU energy crisis may have contributed.
From Forex to big tech stocks and commodities, this article recaps July’s market highlights. Read about the market’s most affected sectors last month and the reason behind these falls.
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