Happy Monday, dear traders!
Hope you’ve had a great rest and are ready for the new trading week! Let’s see what news we need to pay attention to:
🇬🇧The pound fell to all-time lows against the dollar after the UK's announcement of tax cuts and growth stimulus. GBPUSD is 1.0650.
🇨🇳The People's Bank of China lowered the yuan against the dollar to a two-year low of 7.0298 per dollar.
🛢The price of Brent crude fell below $85 per barrel for the first time since January 14. Oil continues to decline on fears of falling demand.
☢️Binance plans to return to the Japanese market after a 4-year break.
🇪🇺🇮🇹The euro fell as investors weighed Italy's prospects under the most right-wing government since World War II. Then they were reassured by the moderate tone of far-right Italian leader Georgia Meloni on Sunday night after incomplete results in a national election showed her party was the likely winner.
📈The US dollar index is at a 20-year high after the Federal Reserve raised rates by three-quarters of a point. The index is currently up over 20% in the past twelve months.
Have a great day! Good luck!💫
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