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On May 26, the Financial Times reported that the EU ambassador to Kyiv, facing the latest threats from Russia, stated that she and other diplomats were "not going anywhere!" "What Russia wants is fear, panic, and the isolation of Ukraine. This will not succeed." The report stated that several other embassies, including those of G7 countries, confirmed that ambassadors and diplomats remain in Kyiv and have not evacuated.On May 26, Al Jazeera reported on May 25 that a source familiar with the talks between the high-level Iranian delegation in Doha stated that, with Qatars mediation, the United States and Iran have reached an understanding on the issue of frozen Iranian financial assets. The source said that because the frozen financial assets are crucial to Iran, the two sides are "very likely" to announce an agreement tomorrow.Maximo Pacheco, chairman of Chiles state-owned copper company, announced his resignation.According to Al Arabiya, Ibrahim Aziz, chairman of the Iranian parliaments National Security Committee, said that any agreement between Iran and the United States would not mark the end of the confrontation between the two countries, and called the conflict "fundamental and existential" for Tehran.On May 26, the Russian Foreign Ministry website published a statement on May 25 saying that Russian Foreign Minister Sergey Lavrov spoke by phone with US Secretary of State Marco Rubio that day. Following instructions from Russian President Vladimir Putin, Lavrov informed the US that Russia had begun a systematic offensive against military facilities in Kyiv, the capital of Ukraine. Lavrov stated that in response to Ukraines continued attacks on Russian civilians and civilian facilities, the Russian military was conducting systematic and sustained strikes against facilities in Kyiv serving the Ukrainian Armed Forces. He reminded the US of the statement issued by the Russian Foreign Ministry that day and advised US diplomats and citizens to evacuate from Kyiv. The statement also said that the two sides exchanged views on the Strait of Hormuz and the situation in Cuba. Furthermore, both sides expressed their commitment to intensifying efforts to normalize the work of their respective diplomatic missions.

As the likelihood of an aggressive Fed direction decreases, the US Dollar Index rises again toward 104.60

Daniel Rogers

Aug 11, 2022 12:05

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On Wednesday, the US dollar index (DXY) dropped significantly as the US Consumer Price Index fell (CPI). As the prospect of a major rate hike by the Federal Reserve (Fed) in September diminished due to a sharp slowing in price pressures, the DXY collapsed like a house of cards. When the asset broke through the consolidation formed between 106.00 and 106.80, it fell to 104.64. Despite the temporary pause, the market's downward trend will continue.

Normalized CPI drops 60 basis points

Inflation in the United States for the year was reported at 8.5%, which was less than the 8.7% predicted and 9.1% reported in the preceding report. An annual reduction in inflation of this magnitude in July, brought on by a dramatic drop in oil prices, sent a strong signal of market fatigue to participants. Without a doubt, the Federal Reserve (Fed) will announce further rate hikes; but, the Fed's long-term hawkish stance will take a major hit.

There will be sustained confidence in the market.

After taking a number of policy tightening steps, including raising interest rates and halting the bond-buying program, Fed policymakers heave a sigh of relief. In order to put capital into risk-perceived assets, investors have been waiting for a month with strong employment data and a significant drop in price pressures. It's likely that your desire to take risks will last for a longer period of time in the future.

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