Oil scares investors |
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Last week started in fairly upbeat moods. After slightly better than expected data from the US and overall decent results from the global companies, stock indices were moving up and the dollar gained versus the major currencies. At certain stage we even witnessed a break through the resistance level of 1,5350 at the EURUSD, which could lead to a further decline. This, however, didn’t happen partly because of hawkish comments from the ECB’s President and partly because of a rise in oil prices.
Filed under: Fundamental
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