While the US central bank Fed left interest rates unchanged on Wednesday, the European Central Bank will continue to raise interest rates. The policy is expected to lead to more economic unrest in the second half of the year Joost Derks, currency expert at iBanFirst, in the podcast Boerenbusiness Currencies. In addition, Derks explains that the current weather extremes in the world with heat, drought and extreme rainfall are also closely monitored by currency traders with a view to food production. The Euro, Dollar, British Pound, Turkish Lira, Swedish Krona, Russian Ruble and Brazilian Real are also covered.
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