Having fluctuated between 20,000 and 21,000 pounds to the dollar for several weeks, yesterday the dollar against the pound suddenly fell in the foreign exchange market, reaching and exceeding 24,000 pounds before returning to 22,500 pounds at the end of the period. day (according to lirarate.org).
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The US dollar declined slightly in early European exchanges on Tuesday, approaching its lowest level in a week, as traders lowered their expectations for a full percentage point increase by the US Federal Reserve this month.
One of the largest banks in the world warns of a recession. For crypto supporters, however, the most important thing is that Bank of America is increasingly believing in cryptocurrencies.
The high euro exchange rate does not inspire us with optimism. This is problematic, especially for companies that operate in the European market. If transactions with foreign counterparties are rare, then the trader does not pay attention to high spreads in banks
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