Oil and US dollar gains are too tempting for top sellers to resist | MarketTalk: What’s up today? | Swissquote
Bashar al-Assad's regime fell over the weekend, Korean lawmakers prepare another impeachment attempt against their President who narrowly avoided removal after briefly imposing martial law last week, and France remains without a new presidential nominee.
As such, the US dollar is stronger on safety demand and crude oil is better bid on renewed political uncertainty in the Middle East. But the Syrian news will unlikely reverse the bearish oil trend, and the rising dovish Federal Reserve (Fed) expectations are fundamentally supportive of a softer US dollar.
This week’s US CPI data will be the last piece of the puzzle before...