14.10.2021
News for today, October 14th:
On Thursday, the US dollar touched its lowest point this week against major peers: a moment of calm after multi-day gains on expectations of a faster Fed interest rate hike, which pushed the currency to an annual high. The Australian and New Zealand dollars hit multi-week highs, along with Bitcoin that touched a five-month high of $ 58,550.
Federal Reserve officials said the central bank could cut monthly bond purchases in mid-November or mid-December. Still, there is still no consensus on how soon to start raising rates, according to the just-published minutes of the September meeting. The Federal Reserve intends to end the taper of its bond-buying program by about mid-2022, tapering it roughly $ 15 billion a month.
Oil prices also rose on Thursday, recovering from previous losses, as purchases were fueled by expectations that skyrocketing natural gas prices would lead to a switch to oil to meet heating demand as winter approaches. The OPEC in its latest monthly report on Wednesday lowered its forecast for global oil demand growth for 2021, while maintaining its forecast for 2022.
The price of Brent crude is $ 83,93 per barrel, WTI — $ 81,15. EUR/USD is at 1.1608, GBP/USD —1.3699, gold is at $ 1,792.17 per ounce.
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