Archive for August 1st, 2022

New Overnight Developments Abroad - Daily Update

August Kicks Off With Signs of a Global Slowdown and a Further Drop in the Dollar

August 1, 2022

The dollar fell overnight by a further 0.5% on a weighted basis and is 3.6% below last month’s multi-decade high. Dollar losses so far this Monday amount to 2.0% against the kiwi, 1.0% versus the yen, 0.7% relative to the Australian dollar, 0.6% vis-a-vis sterling, 0.4% against the euro and peso, and 0.2% versus the […] More