Bulls back in the saddle

By: Miguel A. Rodriguez

12:28, 12 January 2022

Dollar edges higher as FX markets focus on Powell testimony
  • #Oil rose to more than $83 a barrel, supported by tight supply and expectations that rising coronavirus cases and the spread of the #Omicron variant will not derail a global demand recovery
  • The dollar edged higher against a basket of currencies, as a bout of volatility in global financial markets kept demand for riskier currencies in check and as investors waited for Federal Reserve Chair Jerome Powell's testimony.
  • #Binance CEO Zhao has surpassed Mukesh Ambani, Asia's richest billionaire, and is nearly on par with Facebook founder Mark Zuckerberg, who is worth $124 billion
  • #BTCUSD exploded 2.2%
  • #WTIUSD exploded 3.2%

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