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

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Currencies

A soaring euro meant the dollar lost its status as the haven of choice, at least for today.

Oil

Stocks fall Stocks slid and oil tumbled on the growing unrest in China.

United States

Top GOP members are already bearing down on the US Chamber of Commerce after the nation s biggest business lobby backed some Democratic candidates in the midterm elections. Key Trump rivals silent after white supremacist meeting. The more inverted the curve, the more it implies that in the future the Fed will be lowering rates below where they are in the short term. US data include Dallas Fed manufacturing outlook. Coming up Traders will hear from the Fed s Williams and James Bullard while the ECB s Christine Lagarde testifies in the European Parliament.

China

The results will ignite internal jockeying in the presidential race that is typically dominated by voter views on how the island democracy should handle relations with Beijing. The extraordinary protests that erupted across China over the weekend reflect major missteps in how President Xi Jinping has handled the pandemic. Demonstrators hold blank signs during a protest in Beijing, China, on Sunday, Nov. 27, 2022.

Europe

Brexit barged its way back onto the UK political agenda this month, with a report that Rishi Sunak s government might seek closer ties with the European Union. Polling reveals mounting regret among the British people who voted to leave the EU in 2016.

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