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Dollar forgets session lows above $10: Specter of recession continues to haunt

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The dollar has forgotten the downward pressure of the past few days, rising by more than $10 in Thursday’s session, averaging $828.33 since 11:00 am.

Copper, on the other hand, is down 1.24% and is trading at US$4.18 per pound, losing its US$4.22 level, which is key to the highs.

Ángel Rubilal, a senior analyst at Libertex, said the scenario was “mainly due to fears of a recession that is impacting global demand, as well as stock markets and raw materials.” explained that it was

At the international level, oil prices also fell on the aforementioned recession fears.

Francisco Roman, senior analyst at XTB Latam, added that although global economic activity improved thanks to China’s full recovery, “this is hampered by the COVID-19 wave.” I was.

More than 60,000 deaths have been recorded since the Asian giant dismantled its ‘zero covid’ policy.

Source: Biobiochile

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