Prices rallied following the invasion of Ukraine by Russia
European gas prices rallied yesterday following the invasion of Ukraine by Russia. At the close, NBP ICE March 2022 prices increased by 108.640 p/th day-on-day…
Bond yields have rebounded, equities as well and the USD has lost some ground, the EUR/USD exchange rate returning above 1.19… before falling back below this morning. Fed speakers have in general been reassuring about inflation, but their speeches show different opinions. The market seems a bit lost and does not really know what to make of the last Fed meeting.
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