Open: New York Session | Forex, Metals, Oil, Agriculture December 23, 2022

A member of the National Guard plays a trumpet during a flag rai

Agriculture

Some models, including Britain s High Fat Sugar Salt (HFSS) or Europe s NutriScore, only look at products per 100 grams or 100 milliliters.

Currencies

The concern is that as FX hedges roll off, Japanese holders will be selling dollar bonds, said Peter Tchir, head of macro strategy at Academy Securities. The yen surged as much as 4.8% against the dollar in the wake of the BOJ s decision the largest move this millennium. The dollar retreated amid tight ranges, boosting most Group-of-10 currencies led by New Zealand and Australia.

Metals

Oil and gold rose, and Bitcoin climbed for the first time in three days.

United States

The US has characterized China as a predatory lender, luring governments on the continent into debt traps that, in some cases, may result in them forfeiting key infrastructure. Unlike holding individual bonds to maturity, credit ETFs still carry some interest-rate risk given the uncertain future actions of the Fed. Whatever the BOJ calls this, it is a step toward an exit, said Masamichi Adachi, chief Japan economist at UBS Securities and a former BOJ official.
The Smithsonian s National Museum of African Art gave back 29 Benin Bronzes to Nigeria in October under the US institution s new ethical returns policy. China funded an infrastructure boom, gaining influence when the US looked on. Also read why Wall Street has suddenly gotten so hot for biodiversity. Quiet markets S&P 500 and Nasdaq 100 futures were little changed as of 5:18 a.m. in New York. US President Joe Biden, center, participates in a group photograph at the US-Africa Summit in Washington on Dec. 15.

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