Economic and fundamental developments 05-04-2022 US session
5 Apr 2022 04:42 PM
The EU announced plans to reduce its dependence on Russian coal, and that has heightened tensions between European governments and Moscow. Stocks in Europe and the US are lower as a result.
Oil has rebounded following the announcement the EU intends to phase out its dependency on coal from Russia.
The Reserve Bank of Australia (RBA) kept interest rates on hold, meeting forecasts. The Australian dollar is driving higher as the RBA issued a positive outlook.
Due on renewed tensions surrounding the war in Ukraine, the euro is in the red again.