Fierce oil bounce slams USD
The surprise RBA cut was news until the 8% rebound in oil led the way for four straight daily gains, something not seen since June. The oil rally initially triggered broad gains in the energy currencies of Canada, Norway, Sweden and Mexico, with USDCAD plummeting 250 pips or 2.4%, and even the Aussie, which collapsed by nearly 200-pips or 3% against the USD following the RBA rate cut has recovered all of its post-RBA decline. Full chart & analysis here.
Oil Shrugs Off OPEC, USD Hardens Fall
by Adam Button | Dec 3, 2020 22:15
Dollar Defence Cracks
by Adam Button | Dec 2, 2020 16:52
فيديو عن مؤشر الداكس
by Ashraf Laidi | Dec 2, 2020 15:21
A November to Remember
by Adam Button | Nov 30, 2020 17:37
FX to Join the Party?
by Adam Button | Nov 27, 2020 19:46