The general index of the US dollar continues to trade at its highest level since December 2002 this morning, Wednesday, the sixth of July (July), after gains that exceeded 1.35% yesterday, as the US dollar benefited from the general market condition represented in the lack of risk appetite and the rise in the currencies and assets of havens Security with rising fears of global economic recession.

All global markets were affected by risk aversion on Tuesday, especially with the rise in global gas prices to record levels, to renew market fears of an expected economic recession amid the absence of economic indicators and anticipation of the minutes of the US Federal Reserve meeting two weeks ago today, Wednesday.

The signal of US bond yields was again clear of the expected economic recession in the United States of America, where the US two-year Treasury bond yields rose again to the top of the 10-year bond yields.

During today’s session, the markets are awaiting the minutes of the US Federal Reserve for its last meeting two weeks ago, in which the Fed raised interest rates by 75 basis points, as the markets await the latest economic updates on inflation expectations from members of the bank and their expectations for the future of interest rates.

The euro, in turn, is trading at its lowest level since 2002 at 1.0250 levels, affected by the rise in the US dollar, in addition to the high expectations of an expected economic recession for the eurozone due to its direct impact on the rise in gas prices and Russian tensions.

The British pound is trading at its lowest level since March 2020 at 1.1950 levels, after the new political turmoil in the United Kingdom represented by the resignation of the Minister of Finance and Health from the British government and putting Prime Minister Johnson under pressure.