Forex Today: Stocks Tumble on Inflation, Ukraine, Chinese Coronavirus Fears
, with the New Zealand and Australian Dollars also falling.
as it trades into blue sky above 118.00. There are no obvious resistance levels below 119.00. The US Dollar is very strong, boosted by theThere will be a release of US PPI data later todayThe Reserve Bank of Australia released the minutes of its most recent meeting, which revealed concerns over inflation and an expectation it would increase further over the coming months due to unresolved supply chain issues. The minutes did not hint at any policy change.
It is estimated that 63.6% of the world’s population has received at least one dose of a coronavirus vaccination.
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