Today's Forex news: BoE Intervenes in Gilts; Stocks, Risky Assets Bounce Back; US Dollar Sells Off; Fed’s Evans Sees Rates Peak in March 2023.
After earlier reaching a 14-year low against the US Dollar, the Chinese Yuan has recovered on the back of the global risk rally, helped by a warning to speculators issued by the People’s Bank of China.
Hurrican Ian has made landfall in Florida, USA, leaving 2 million people without electricity and causing severe flooding in the south-west of the state. It is estimated that 68% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 7.9% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.
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