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The rising global oil prices we are seeing have direct implications for currency values

From interest.co.nz

Crude oil prices are starting to dominate the headlines in global financial and investment markets, resulting in direct implications for currency values. The OPEC oil producing nations are hesitant to increase oil production volumes at this time as they are concerned about over- supplying the market (causing oil price falls) under the assumption that underlying world demand will weaken back next year because of trade wars/lower economic growth. There is speculation that crude oil prices could spiral higher to US$100/barrel over coming months from the current WTI level of US$72/barrel. US President Donald Trump is ... (full story)

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  • Category: Fundamental Analysis