Article Hero

After years of underinvestment

1638953791.png
Miguel A. Rodriguez
Miguel A. Rodriguez
08 December 2021
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



disclaimers_articles

article_share_title

article_rating_title

awful
ok
great
awesome

read_more

Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.