Market volatility is very apparent today particularly in crude oil which has strengthened again despite inventories growing. The weak USD is one of the reasons and this benefits EM currencies as well. How the Fed will react remains to be seen but further rate hikes have become less likely.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/from-the-floor-a-tale-of-oil-and-usd-7031166?utm_medium=tf4-feed&utm_source=extract
From the Floor: A tale of oil and USD
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