Oil consolidates after impressive gains

By: Miguel A. Rodriguez

11:05, 23 March 2022

Possibility of 50 basis point Fed hike pushes yen and euro down
  • #Oil futures traded slightly lower, easing back after a more than 7% climb a day earlier, as investors gauge the prospect of a European Union ban on #Russian crude imports
  • The #dollar rose as Federal Reserve Chair Jerome Powell put the possibility of 50 basis point rate hikes on the table, while the yen fell below the 120 level as the Bank of Japan reconfirmed ultra-loose monetary policy
  • After a surprise departure from Andreessen Horowitz, #crypto investor Katie Haun has raised $1.5 billion for her new firm, Haun Ventures
  • #BTCUSD skyrocketed 3.9%
  • #WTIUSD dove 2.6%
  • #XAUUSD dropped 0.7%

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