Trump tweet in 3 ... 2 ...
The prospect of continued strength in the U.S. dollar over the coming months should constitute an even greater concern to bullish oil traders than an escalating trade war between the world's two largest economies, an analyst told CNBC on Monday. Investors are currently seen weighing bullish factors that include potential supply disruptions to Iranian crude exports against more bearish indicators, such as broad greenback strength and a ramp-up in production by OPEC and its allied partners. "There are lots of variables in the oil market, the most important of which is Iran. If 1 million barrels per day or more of ... (full story)
DislikedStrong dollar is bad for US economy in general.Could send us back to recession.Higher consumer goods, less capital gains, because of high interest rates translates less business expansion and less job created not exactly a receipt for economic growth. Worst case scenario USD dominating every country then finding itself not being able to sell anything because of good being too expensive and not competitive. I hope Trump starts talking the dollar down and put a lid on Feds irrational rate increase frenzy before we find ourselves holding the empty...Ignored