world crude oil price Continuously falling on the 5th day, the dollar weakened heavily. After the Fed prepares to cut interest rates this September.

“World crude oil prices” continued to fall for the 5th day, with the dollar depreciating heavily near the lowest level in one year. After the Fed prepares to cut interest rates this September.

On August 22, 2567, Reuters news agency reported that Crude oil prices fell for the fifth day in a row. from concerns about demand Asian stock markets weaken and the dollar held steady near a one-year low. Meanwhile, minutes from the Federal Reserve (Fed) meeting signaled that the Fed will begin cutting interest rates in the coming weeks.

By announcing the resolution of the meeting on 30-31 July, which was published at 14.00:21 p.m. yesterday (01.00 Aug.) or exactly 22:XNUMX a.m. Thai time today (XNUMX Aug. c.) specify that The FOMC decided that they agreed that if released economic data were as expected, The Federal Reserve (Fed) cutting interest rates at its next meeting is an appropriate decision.

Meanwhile, oil prices dropped to $75.97 per barrel. Brent oil futures are near yearly lows, falling nearly 6% in August. This is due to the trend of Chinese demand weakening. And the Fed has signaled a rate cut soon.

Nick Ferres, CIO of Vantage Point Asset Management in Singapore said “The first 200 days after the first rate cut are often a challenging time for stocks. As a sign of a growth and declining earnings environment, the S&P 500 index, which represents global risk, is It is back near the all-time high again.”

Meanwhile, government bonds soared on August 21, 2567, and the 10-year government bond yield stabilized at 3.80% on Thursday. The 2-year Treasury yield held steady at 3.93%.

refer : reuters.com

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