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The U.S. dollar short position has been raised to its highest level over the last week. Its previous peak dates back to July 2021. This is reported by Reuters, citing the U.S. Commodity Futures Trading Commission (CFTC).

At the beginning of the year, investors were making predictions and assumptions about inflation and rising U.S. rates as the dollar looked more unstoppable.

In January, the important oil exporting country Saudi Arabia may decrease the cost of fuel for Asian countries. This is caused by fear of possible low demand in China and the growing supply of Russian oil after December 5.

According to Bloomberg reports, a considerable part of Western investors refuses gold. It mostly concerns institutional investors. In Asia, at the same time, there is an absolutely opposite picture. Investors, realizing that gold prices have fallen, have started to buy more coins, bars and jewelry.

Global bonds are now going down the same road as their U.S. counterparts, forecasting approaching recession.

The dollar is holding gains from the previous session on Monday. Market sentiment has been dampened by mass demonstrations in China that have grown against the coronavirus restrictions. The move in the dollar was also fuelled by hawkish comments from Federal Reserve officials.

On Tuesday, the yuan rose ahead of a COVD-19 press briefing, which will be held in China later this day. The U.S. dollar, on the contrary, declined slightly.

Japan's labor market signaled further tightening in October, putting pressure on wages, as data for October revealed.

According to statements by the U.S. Federal Reserve (Fed) officials, in order to effectively curb inflation, it’s necessary not only to increase borrowing costs, but also to raise interest rates slightly more than previously predicted.

The Wall Street Journal writes that Chevron needs to solve a number of technical problems, covering the infrastructure restore.