Asian Session - Geopolitics Pressures Crude |
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Market Brief The Usd was weaker in Asian session, as crude prices rallied on geopolitical tensions. The EurUsd traded from 1.4673 to 1.4758, while UsdJpy slipped from 109.70 to 109.00. The AudUsd & NzdUsd were unable to hold early gains, falling to 0.8620 and 0.7030, respectively. Crude prices rose as Russia threatened to use oil supplies to Western Europe in retaliation to NATO's naval maneuvers in the Black sea and potential EU sanctions. This negative news offset much of the positive
Filed under: Fundamental
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