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> USD and oil lower
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USD and oil lower

  • China has moved to further support their economy with rate cuts
Eamonn Sheridan
Eamonn Sheridan
Thursday, 20/01/2022 | 01:37 GMT
20/01/2022 | 01:37 GMT
  • 0

China:

China cuts Loan Prime Rates: 1 year to 3.7% (from 3.8%) & 5 year to 4.6% (from 4.65%)

EUR, GBP and AUD are gaining, as is yen and CHF (all against the USD).

Oil has dropped back from levels last seen in 2014.

AUD/USD is up also, helped along by a solid labour market report:

Australian dollar marked up following the strong employment report

EUR:

eurusd chart 20 January 2022
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