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After years of underinvestment

After years of underinvestment

Euro falls, Aussie jumps as currency market risk appetite picks up

  • Scott Sheffield, the chief executive of top U.S. shale producer Pioneer Natural Resources Co, said he worries #oil prices could get too high and further roil markets after years of underinvestment in the sector
  • Monetary policy support in China and hopes that the #Omicron variant of COVID-19 would be less severe boosted currency market risk appetite, with the Australian dollar rebounding and the euro heading back towards 2021 lows
  • Iceland's main power utility is turning away new #bitcoin miners in an effort to reduce commercial energy usage during a hydro supply crunch
  • #BTCUSD exploded 1.0% in the last session
  • #XAUUSD rose 0.2%
  • #WTIUSD exploded 3.4% in the last session



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