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The return of the dollar?

17.01.2022

Market Review

News of the day, Monday, 17 January:

Traders are on the weekend: Martin Luther King Day is a day off for New York Stock Exchange and Nasdaq. Stock futures remain active, including contracts linked to DOW (INDU), S&P 500 (SPX), and Nasdaq 100 (NDX).

Dollar rebounds after its steep negative period. The US dollar index reached 95.203 on Monday after last week marked by a general decrease due to Jerome Powell's announcements of interest rates hikes. 

Head of Credit Suisse Antonio Horta-Osorio resigned after COVID-19 restrictions violation. This has caused many sackings and billions of losses in Credit Suisse. Justin Tang, head of Asian research at investment firm United First Partners, said: "The irony of it is that Horta was hired to fix the reputational damage to Credit Suisse and revamp its risk-taking culture in the bank."

The price of Brent crude is $86.19, WTI — $83.56, GBP/USD — 1.3680, EUR/USD — 1.1428, and gold costs $1821.35 per ounce.

Author: GC
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