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In fashion with the risk-off tone on Wall Street, Bitcoin prices fell for a second week, with BTC/USD dropping below the high-profile 40,000 mark.
Priya Misra, TD Securities Global Head of Rates Strategy, on Thursday, said “this is going to tighten financial conditions, this is going to impact the consumer, and this will actually prevent the Fed from hiking much above neutral.” Elsewhere, global central banks seem to be moving full steam ahead on tightening policy, taking cues from the Federal Reserve perhaps.
That was likely due to safe-haven flows as well as a slight increase in Fed rate hike bets following last week’s red-hot US CPI report.
The Euro Area’s final March inflation read is due out, with the core figure expected to remain unchanged at 3.0%.
Europe is mulling a ban on Russian oil exports, with reports indicating that EU lawmakers favor a phased approach to ween the bloc off Russian energy products.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.