- Oil prices dove as the United States weighed its largest-ever drawdown from its oil reserves, while Asian stocks fell as China reported weak manufacturing data and uncertainty over the war in Ukraine dragged on
- U.S. listed companies that hold cryptocurrencies on behalf of users and customers should account for those assets as a liability on their balance sheet and disclose the related risks to investors, the securities regulator said
- The euro held at a one-month high against the dollar, after rallying on hopes the war in Ukraine might enter a new de-escalating phase while tumbling oil prices weighed on commodity currencies and the yen resumed its slide
- WTI/USD dove 5.9%
- BTC/USD plummeted 2.9%
- XAU/USD gained 0.5%
Uncertainty drags on
Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.