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U.S. Oil Ignores Dollar Strength Hitting Highest Level In Seven Month

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 25, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The inverse correlation between the U.S. dollar and oil seems to have been ignored in recent days. Although the dollar appreciated by more than 2.7% against a basket of currencies since the beginning of May, U.S. Oil rose by more than 7% in the same period to trade at a[​IMG]

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