Dollar’s Mixed Performance | BDSwiss Market Moves on MT4

-Argentina News Since the election of President Milei, the Peso has been devalued by about 54%. Spending cuts have been the first steps by the new government, whereas the official exchange rate has been set to 800 pesos for one US- Dollar after trading had closed on Tuesday evening. The currency was trading at about 366 for a Dollar before the comment and had entered 2023 at about 174. To get economic traction for well-needed reforms, the Dollar should be used in the meantime. In the past, the Central bank printed more of the peso to keep the government from defaulting as well as paying the debt of the country. -Selenskyj US Visit The Ukrainian President visited the US to prevent financial and military support from being frozen. With the situation in the Middle East causing less engagement for Ukraine, Republicans have blocked billions of Dollars of support for further help. The most important donor is currently the US, with the EU not being able to step up its efforts should the US fail, due to a blockade in the government. During his last visit to Congress, he received standing ovations and caused unity about a year ago. -China’s Growth China’s leaders have expressed their worries about the economy and want to intensify their efforts to boost economic growth next year. Similarly to the US, the government is not only financially supporting the economy but is also keen on building a “modern industrial system” according to Bloomberg reports. Priorities have changed slightly from last year, where the major goal was to boost domestic demand. Currently, the Chinese Yuan looks set to gear up some momentum against the Greenback. -Market talk The Dollar is currently showing a mixed picture against its counterparts. The Greenback is not gearing up much momentum against the EUR and the GBP but looks set to rise against the AUD, as current trends on weekly charts suggest. This might be a preview for the equities market, which remains well-bid on the other hand. Recent retracements have seemingly been used by market participants to get cheaper entry prices again. Prices for oil and cryptos currently don’t offer much momentum to the upside. Instead, USOIL seems to have fallen further and is now trading at USD , which remains well below the psychological USD level. Today the interest rate decision from the Fed might add fresh volatility to markets, so trading should be executed with extra caution! Check the UPCOMING WEBINARS here: • Download the BDSwiss iOS app: • Download the BDSwiss Android app: • Join our Telegram Channel: • Like us on Facebook: • Follow us on Twitter: • Follow us on LinkedIn: • Follow us on Instagram: • Subscribe to our Channel: Your capital is at risk. T&Cs apply.