Dollar cycle may be about to turn, supporting oil prices: Kemp | Reuters:
The U.S. dollar has recently appreciated to its highest level in real terms since the start of 2017 and before that September 2003.
Dollar appreciation weighed on oil prices in 2018 as prices in some non-dollar currencies hit record levels earlier in the year and dampened consumption growth.
Yet there are signs that the dollar’s rise may be coming to an end as trade tensions with China weigh and pressure to raise rates dissipates, lifting prospects for oil prices to recover.
No comments:
Post a Comment