Last week, the market experienced highs and lows due to factors such as inflation, rate hikes, and tax cuts. Whether it was Indices, Forex, or Stocks, here's a look at the various trends that influenced the markets last week.
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.
As inflation reached record levels across much of the developed world in April, it’s looking more likely that many central banks could follow the Federal Reserve’s hawkish turn. Accordingly, the values of several key Forex pairs could be set for a shift.
Against the yen, the USD hit a day-high of as much as 2.5% on Monday, reaching its highest level since August 2015, and being the largest 1-day soar since March 2020.
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