Close: London Session | Forex, Metals, Oil, Agriculture November 24, 2021

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Currencies

Turn it around though and tell them about how freely traded stablecoins could actually help extend the reach of the dollar, cementing its global reserve status further. Obviously someone is going to bring up terrorist financing, or maybe they’ll worry about the threat to the dollar. A member of the European Central Bank s Executive Board, Schnabel finds herself often selling the euro-area s monetary policy to the famously hawkish German public.

Metals

S&P 500 futures pointed to a drop at the open, the 10-year Treasury yield was at 1.65% and gold was broadly unchanged.

Oil

The clock is ticking for banks, insurers and asset managers still providing support to oil, gas and coal producers. Remember transitory?The latest inflation newsflow: Federal Reserv View in browser Fresh inflation concerns, oil release underwhelms, and Covid surges again. Oil is holding steady today close to $78.50 a barrel as focus shifts to how OPEC and its allies will respond to the move from their biggest customers. Crude oil inventories data is at 10:30 a.m. and the EIA natural gas storage report is at 12:00 p.m.

United States

Wall Street banks projected average inflation in Latin America will end the year above 10% with more to come in 2022. Wall Street banks are forecasting average cost-of-living increases there will end the year above 10%, according to Maria Eloisa Capurro s report. Fed diversity | President Joe Biden wants new diversity and the Fed.

Europe

European Union carbon consumption climbs to a record as utilities burn more coal in winter. World s most interesting central banker sells the ECB to Germans.

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