A Tale of Three Markets |
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Equity traders watch currencies, oil traders watch the dollar and lately everyone watches the price of oil. The relationship between the price of crude oil and the value of the dollar has been unusually close in the past year and especially so following the peak crude oil price on July 14th. The inverse correlation has been strict, as the dollar rose oil fell. Even the dates for the reverses in each market mimic each other. The dollar reached bottom against the euro the day after oil reached
Filed under: Fundamental
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