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Weaker dollar feeds gains

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Miguel A. Rodriguez
Miguel A. Rodriguez
26 November 2021
BoE chief is worried by El Salvador’s move to adopt bitcoin
  • A tech shares bounce carried European #equities higher, following similar gains on Wall Street and Asia and helped also by a small pullback in the dollar from a 17-month high.
  • Bank of England Governor Andrew Bailey said El Salvador’s decision to adopt #Bitcoin as its currency was concerning because consumers probably will be caught out by its volatility
  • #Fed officials have contributed to the more hawkish view that the U.S. central bank may act sooner to try to stem rising price pressures if inflation doesn’t moderate
  • #BTCUSD added 3.5%
  • #WTIUSD dropped 0.4%

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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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.