Now: Risk-On Back to the Markets
US Dollar once again tried to gain back the strength but unable to keep momentum through out the day and end up losing to most of other major currencies. The weak macroeconomic data and add on to a huge upward movement for equities market help safe-haven asset to flourish yesterday.
Canadian dollar is one of the best performers yesterday as the price of the crude oil fly high to the moon. Currently the WTI settled around $113 per barrel but with the current situation with the sanction for trade with Russia on-going, it will not be able to stabilize.
27 May 2022