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Currencies, oil and stocks fell after the Fed minutes publication


August, 19 2021
watermark Economic news

Yesterday, the US Federal System published protocols, from which it became clear that many members of the regulator are in favor of curtailing the purchase of exchange-traded assets this year: the Central Bank will reduce cash injections into the financial market, slowing down the speed of the dollar printing press.


This led to a fall in many market assets, and today only the dollar and gold are becoming more expensive. The value of the dollar against the main world currencies increased by 0.6%, and the precious metal – by 0.2%.


Oil prices accelerated the decline on Thursday, Brent quotes fell to $65.58 per barrel, and WTI fell to $62.53. Many other commodities, as well as stocks and cryptocurrencies, also showed a decline.


American stock exchanges also panicked. The Dow Jones Industrial Average fell to 34,820, the NASDAQ to 14,522, and the S&P 500 index to 4,399. This was the worst daily decline in a month. Following this, Asian stock exchanges also collapsed: the stock index of South Korea fell by 2%, the index of the Hong Kong platform – by 2.2%, as well as other indices. European markets also opened with a decline.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.