Posted May 26, 0:02

OPEC Extends, Oil Crumbles

National Core CPI (y/y) May 25 23:30
OPEC Extends, Oil Crumbles Chart
May 26: 

Crude prices fell 5% as traders sold-the-fact on a 9-month supply cut extension. The US dollar was the top performer while the Australian dollar lagged. Japanese CPI is due up next.

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PREMIUM INSIGHTS Update: May 24, 10:17
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Fed Finds Doubt, BOC Finds Confidence May 24, 2017 23:05: 

The FOMC minutes showed that officials aren't dead-set on hiking in June and beyond. That led to a US dollar lagging Wednesday while in contrast CAD led the way after the BOC statement hinted that policymakers are growing more optimistic about growth. Next, it's onto comments from Evans, Sakurai and Debelle. A new GBP trade has been issued in addition to the 5 existing Premium trades.

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