Tag Archives: oil

1 Aug: US$ under pressure, DJI at record high, WTI back at 50.00. RBA Meeting, EU GDP, Mfg PMIs in focus

  The US$ remains under pressure on all fronts again on Tuesday, hitting a 2-1/2-year low against the Euro due to a combination of  month-end portfolio adjustments, expectations for a more hawkish ECB and the ongoing chaos in the White House. The other majors were strong as well, with Cable reaching a 11 month high, while the Yen… Read More »