Rising prices to push up production

Rising prices to push up production

Euro crumbles; traders wait on U.S. consumer test

  • The International Energy Agency has upped its average Brent crude #oil price assumption for 2022, but predicted a rally may ease off as prices that hit a three-year high last month push up global production
  • The #euro was huddled at a 16-month low while the dollar was firm as traders awaited U.S. retail sales data, wary a strong reading could stoke inflation and add pressure on the Federal Reserve to hike rates
  • #Brave's desktop browser now includes a #crypto wallet — you can make purchases and trades without an extension
  • #USDJPY rose 0.4%
  • #BTCUSD dove 5.2%
  • #XAUUSD dropped 0.5%


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