Oil prices are driving the currency market. Over the past 2 days, prices have increased more than $10 a barrel. As a result, the US dollar has weakened across board, particularly against the Australian and Canadian dollars. The AUD/USD even hit a new 25 year high this morning.
For the greenback, politics is [...]
Wednesday, July 16, 2008
Oil Hits Record Highs, Geopolitical Risks Hurts the Dollar
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