Open: London Session | Forex, Metals, Oil, Agriculture November 28, 2022

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Currencies

The dollar rose on demand for havens after protests over harsh anti-virus curbs spread across the largest crude importer over the weekend. Coming up European stocks are on course to follow Asian shares lower as protests against Covid curbs in China and a stronger dollar sapped sentiment. Italian Debt | Italian companies have the most government-guaranteed debt yet to be repaid in the euro zone.

Oil

Poland and the Baltic States view the current proposal of $65 per barrel, above the level Russian oil is trading at, as too high and therefore too generous. China unrest spooks markets, oil tumbles and bond traders prepare for recession. The EU is set to resume contentious talks on capping Russian oil prices. West Texas Intermediate sank below $75 a barrel after three weeks of losses.

United States

Traders will also hear from the Fed s John Williams and James Bullard.

Europe

ECB President Christine Lagarde testifies in the European Parliament.

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