What you need to know on Tuesday, March 23: Risk aversion took over financial markets after Turkish President Erdogan decided to fire the governor of the Central Bank of the Republic of Turkey, resulting in the local currency plummeting against the greenback, which in turn appreciated against most major rivals. The dismal market mood eased as the day went by, with Wall Street managing to close the day with gains. US Treasury yields retreated from their multi-month highs, adding pressure on the American currency. Nevertheless, major pairs held within familiar levels amid the absence of relevant news. EUR/USD trades in the 1.1950 region, while GBP/USD is down to 1.3860. The pound got hit by mounting tensions between the UK and the EU, as the latter is reportedly set to stop exporting vaccines to the UK as delivery delays are still a huge problem for the Union. Tensions between the two economies were already high amid the UK’s unilateral decision to postpone customs checks in Northern Ireland. Commodity-linked currencies settled around Friday’s closing levels against the greenback. Gold trades around $1,740 a troy ounce, while WTI stands unchanged at $61.50 a barrel. On Wednesday, the Federal Reserve’s head, Jerome Powell, will testify on the quarterly CARES Act report before the House Financial Services Committee. Treasury Secretary Janet Yellen will testify alongside. AMC Stock Price and News: AMC extends slide to fresh weekly lows below $12 Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC sideways trading indicates big move ahead FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/CAD Price Analysis: Bulls stay on top and hunt down prior support FX Street 8 months What you need to know on Tuesday, March 23: Risk aversion took over financial markets after Turkish President Erdogan decided to fire the governor of the Central Bank of the Republic of Turkey, resulting in the local currency plummeting against the greenback, which in turn appreciated against most major rivals. The dismal market mood eased as the day went by, with Wall Street managing to close the day with gains. US Treasury yields retreated from their multi-month highs, adding pressure on the American currency. Nevertheless, major pairs held within familiar levels amid the absence of relevant news. EUR/USD trades in… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
