Investors focused on the tense situation between Russia and Ukraine, paid attention to the development of the Donbas war situation
Yonhap News Agency reported on August 18 that South Korea’s external debt rose to a record high, and the ratio of short-term external debt also rose to the highest level in the past 10 years. The Bank of Korea (Central Bank) and the government expressed their opinion that the risk of external debt is generally controllable.
In the rest of 2022, it will be difficult for the euro to get support, because the European Central Bank is difficult to come up with the necessary tools to curb the interest rate spread of peripheral countries when seeking to raise interest rates.
On Monday (July 18), the international gold price rose, benefiting from the continued decline of the US dollar. The US dollar index hit a new one-week low of 107.391, further away from the nearly 20-year high of 109.303 hit last week. Investors cut their bets on the Federal Reserve raising interest rates by 100 basis points this month.