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The Euro and the Pound collapse, along with oil and gold retreat.

News Date: 26/9/2022 02:49:04
 

The dollar index rise against six major currencies, including the British pound and the euro, rose to its highest level in 20 years, supported by the decline of the British pound.

The euro recorded its big decline against the dollar, amidst fears of an economic recession with the continuation of the energy crisis, as it fell by 0.011% to settle at a price of 0.9679 at the time of writing.

 

Oil prices rose slightly this morning affected by the rise of the dollar, as Brent crude futures rose 0.2% to $ 86.32 a barrel, and West Texas Intermediate crude futures rose by 0.3% to $ 78.95 a barrel.

 

Gold prices fell near their lowest level in nearly two years and half , due to the rise in the dollar, and also to the adoption of a position by major central banks regarding interest rates to reduce inflation.

 

While the price of gold fell 0.3% to $ 1637.85 an ounce, and prices fell 1% two years and half ago, in April 2020, recording $ 1626.41.

 

 

The Nikkei fell today on the Tokyo Stock Exchange by 1.38% to 26,779.44 points, the broader Topix index fell by 1.25% to 1892.16 points.

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