The U.S. dollar touched a new 20-year high against a basket of currencies on Monday - GEPL Capital
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* The euro fell and was testing a two-decade low on Monday after Russia's indefinite closure of its main gas supply pipeline to Europe stoked fears of energy shortages, high prices and a hit to growth, while the U.S. dollar index hit a 20-year high.
* The U.S. dollar touched a new 20-year high against a basket of currencies on Monday, benefiting from weakness in the euro amid a worsening energy crisis, while investors continued to bet on more interest rate hikes by the Federal Reserve.
* The Biden administration said on Friday it will keep tariffs on hundreds of billions of dollars worth of Chinese imports in place while it continues a statutory review of the duties imposed by former President Donald Trump.
* Speculators' net long bets on the U.S. dollar rose in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.
* The British pound is set for its lowest weekly close in over two years against the dollar, as the ruling Conservative Party prepares to elect a new leader to replace outgoing Prime Minister Boris Johnson.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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