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Now: Dollar Continue to Fall

Now: Dollar Continue to Fall

Dollar starting the week with a weak momentum. The US President, Joe Biden, state that they been studying into cutting the tariff on the Chinese import in which from the studies be done said that could save up $80 billion in taxes. Biden also want the OPEC to increase the oil production hoping that it will ease the current raising price for the energy markets.

Euro gains some strength as the currency gaining support from the statement released by European Central Bank President, Christine Lagarde. In the statement, she expects that the facilities programs to end on early of the 3rd quarters this year in which will make path for ECB to hike the interest rate and exit the negative interest rate earlier than expected.

24 May 2022

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