Open: New York Session | Forex, Metals, Oil, Agriculture November 17, 2022

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

Currencies

The dollar traded near session highs, weighing on most Group-of-10 currencies.

Metals

Oil and gold fell, while Bitcoin pared earlier declines.

Oil

If the language of the draft of the so-called cover decision remains, it could expose deep divisions between top oil producers and climate-vulnerable countries. Oil producers felt unwanted in COP26, felt like we were in a corner, UAE Energy Minister Suhail Al-Mazrouei said in April. But they were built by Saudi Arabia, the world s biggest exporter of oil. Pump oil and at the same time reduce emissions.

United States

Lael Brainard Federal Reserve Vice Chair said the US central bank should soon moderate the size of its interest-rate increases in a fireside-chat event at Bloomberg s Washington bureau. What s next for abortion in the US after this year s midterm election results? The US will back a proposal to phase down all fossil fuels at a UN climate summit. Cautious markets S&P 500 futures fell 0.1% as of 5:21 a.m. in New York, while Nasdaq 100 contracts were flat.
The US Senate is on the cusp of codifying same-sex marriage.

China

With speeches and gestures in recent weeks, Xi has taken his most significant steps to create space between Beijing and Moscow since Putin invaded Ukraine. Global Headlines Turning away | Chinese President Xi Jinping s partnership with his Russian counterpart Vladimir Putin has limits after all.

0