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Tag Archives: Euro

Yen, Swiss franc draw safe-haven flows on US recession news

Volatility erupted in the forex market after the US officially entered a technical recession in the second quarter of 2022 and Europe’s energy crisis keeps inflation sticky high. This development followed the Fed’s second consecutive 75-basis-point interest rate hike, for the first time since early 1980s.Today, currency flows shifted to …

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statements of FED support European stocks

European Stocks

European shares rose to a seven-week high on Thursday as some concerns about the pace of the Federal Reserve’s rate hike dissipated while strong business results for companies, including Shell, supported buying. And the Federal Reserve (the US central bank) raised the interest rate by 75 basis points, as expected, …

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