Asian Session - Crude Surges |
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Market Brief Pressure on the Usd continued in Asian session as crude futures reached a new record high of $119.90brl. Prices in crude will dominate the Usd price movement in the near term. Crude prices were supported by supply worries connected to refinery strike in Scotland and potential disruptions in Nigeria. Increasing risk appetite and surging commodity prices has given a strong boost to Aud, Nzd and Nok. Factors that we don’t expect will shift in the short term. In addition, support for
Filed under: Fundamental
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