20.06.22 Macro Afternoon
Chris Becker | Jun 20, 2022 17:04
Share markets are unsteady here in Asia as we start a new trading week, and head into the end of the financial year. All eyes are on the crypto crash over the weekend, with Bitcoin bouncing back – if you could call it that – to the $20K level, while the USD is giving up some minor gains against most of the undollars, with the bounce in the Australian dollar again still unable to translate into anything above the 70 cent level. Oil prices are drifting sideways, with Brent crude just above the $113USD per barrel level after losing 4% on Friday while gold is up a handful of dollars as it struggles to get off the ropes here at the $1842USD per ounce level:
The economic calendar is very quiet tonight with a few BOE speeches, and Wall Street will be closed for a public holiday.
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