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Here is what you need to know on Wednesday, February 21: The US Dollar (USD) struggled to find demand on Tuesday, with the USD Index posting its lowest daily close in two weeks near 104.00.
ALBAWABA – As the Israeli war on Gaza intensifies day after another, Yemeni Houthis attacks against cargo ships with ties to Israel crossing the Red Sea
The dollar index slipped but is still trading around the 104 mark. The US 10-year yield was firm, trading close to the previous week’s high close to the 4.3% mark
Natural Gas (XNG/USD) is having a field day with a firm rally which is holding on to over 10% of gains into the US opening bell. One of the major Shale drillers, Chesapeake, is planning to cut its Natural Gas production already in 2024. The
West Texas Intermediate (WTI) oil price retraces its recent losses registered on Monday.