Decrease in oil, decrease in inflation
Updated
U.S. inflation, which had been rising since the last quarter due to a resurgence in oil prices, is now leading investors to anticipate lower inflation next month as oil prices stabilize.
This trend is causing global banks to become sellers of dollars.
The price of oil is expected to decline in the upcoming days and reach the $77 level.
This trend is causing global banks to become sellers of dollars.
The price of oil is expected to decline in the upcoming days and reach the $77 level.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.