A stronger dollar could put pressure on emerging markets and slow the U.S. economy, analysts say.
The exchange rate of the dollar against major world currencies has reached a 20-year high. This was reported by Reuters.
On Thursday, April 28, the yen was reported to have fallen to its lowest level since 2002 and exceeded 130 per dollar after the Bank of Japan promised to buy unlimited 10-year bonds daily to protect the yield target. its, and the collapse of the Japanese currency rose. dollar index at 103.70 – the highest level in five years.
Noted that, according to analysts, a stronger dollar could put pressure on emerging markets and slow down the US economy.
The euro’s fall to a five-year low has also been reported to revive the possibility that the currency will reach parity against the dollar for the first time in two decades, as fears of a euro zone recession have prompted investors to bet on the collapse of the euro.
The cessation of Russian gas supplies to Poland and Bulgaria, according to analysts, indicates that uncertainty is emerging in the markets about the economic consequences of Russia’s war against Ukraine.
It was previously reported that since the beginning of the war, the total amount of foreign currency and valuables exported by residents and non-residents of Ukraine to European Union countries has reached three billion euros.
News from Athletistic in the Telegram. Subscribe to our channel Athletistic
Source: korrespondent
