“Squeezing the world economy like a lemon may not be the greatest idea, and going this fast given the world context – the war, the energy crisis – will not make up to the fact that the Fed waited too long before acting against inflation last year,” Swissquote senior analyst Ipek Ozkardeskaya said in a note.
In Asia, Japan’s Nikkei lost 1.5 per cent, off session lows. Hong Kong’s Hang Seng finished down 3.41 per cent.The day range on Brent was US$84.26 to US$86.29 in the early premarket period. The range on WTI was US$76.55 to US$78.74. Both finished Tuesday’s session up 2 per cent. Early Wednesday, the U.S. dollar index, which weighs the greenback against a group of world currencies, hit a two-decade high, making crude more expensive for holders of other currencies.
The day range on the loonie is 72.29 US cents to 72.92 US cents. In the early premarket period, the dollar was near the lower end of that spread.
Source: News Formal (newsformal.com)
That we're foocked no matter what. Thank you Trudeau
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