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Economic and fundamental developments 16-02-2022 US session

16 Feb 2022 05:01 PM
  • European and US stock markets rally on the news that Russia is removing some of its troops from the Ukrainian border. Fears about a potential war are fading.
  • The US dollar is in the red following three days of gains. EUR/USD and GBP/USD have risen.
  • Gold retreated from its seven-month high as traders are turning their backs on lower risk assets. Silver is down too.
  • WTI and Brent crude have dropped by over 3% as the Russia-Ukraine tensions cool.

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