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Who will follow the Fed?

Miguel A. Rodriguez
Miguel A. Rodriguez
17 December 2021
Russian central bank reportedly set to ban bitcoin
  • World stocks marched back towards record highs as traders waited to see if Europe's top central banks, the #ECB and Bank of England, would match the U.S. Federal Reserve's upbeat message and cut stimulus
  • The Bank of Russia is reportedly concerned that #cryptocurrency investments might risk the country's financial stability
  • The dollar inched up, but trading was choppy as investors awaited monetary policy decisions from the UK and eurozone, just a day after the U.S. Federal Reserve took its own hawkish turn
  • The last session saw USD fall 0.4% against JPY
  • #BTCUSD dove 2.0%
  • #XAUUSD rose 0.8%
  • #WTIUSD skyrocketed 1.2%

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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.