‘Hedge Fund’ Failure - The Market Starts to Chaos! - Kakiforex | Forex markets for the smart money. ‘Hedge Fund’ Failure - The Market Starts to Chaos! ‘Hedge Fund’ Failure - The Market Starts to Chaos!

March 30, 2021

‘Hedge Fund’ Failure - The Market Starts to Chaos!

 The US dollar strengthened on Monday amidst this uncertainty. On the other hand the euro declined below $ 1.18 and the commodity currency showed a similar trend. Market players at this point prefer safe-haven currencies due to concerns of a hedge fund collapse.


The US dollar index, which measures the greenback against other currencies, strengthened to its highest level since November, strengthening by 0.18% to the exchange rate of 92,938.



U.S. stocks traded lower after reports that global banks were likely to face losses due to the failure of a hedge fund identified as Archegos Capital.


According to analyst Simon Harvey, the focus of the market today is on the performance of the U.S. equity market. He added, however, that the impact of Archegos remains limited for now, as its impact is concentrated on a few companies. But some analysts say the fall could spread further and spread to other markets.


On the other hand the euro is struggling with the issue of the Covid-19 pandemic and a bleak economy in the short term for Germany. According to some analysts, the U.S. economy is stronger and more forward in immunization than Europe and Japan.