USDTRY is feeling the heat of another uptrend.
“It would probably be better for us to raise rates a little sooner,” Fed Chairman Jerome Powell said.
The global FX volatility index shows currency fluctuations at their highest level since the start of the Covid-19 pandemic.
Gold is dealing with major selling pressure from the real rates.
Although some recovery is observed in US futures, the tension created by the US inflation is effective in global markets.
The European Central Bank is preparing for an interest rate hike before the end of this year.
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