Crude oil prices are hovering at a 9-month high despite OPEC+ warning about a slower recovery in energy demand. A weaker US Dollar, the vaccine rollout and stimulus hopes buoyed prices.
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Crude oil prices are hovering at a 9-month high despite OPEC+ warning about a slower recovery in energy demand. A weaker US Dollar, the vaccine rollout and stimulus hopes buoyed prices.
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Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.
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The Dow Jones index pulled back for a second day while the Nasdaq 100 index gained 0.5% in a wake of Covid lockdowns. The Nikkei 225 and ASX 200 fell amid souring sentiment across the Asia-Pacific.
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The US Dollar may slide lower on the back of progress in fiscal aid talks. However, the FOMC’s wait-and-see approach to monetary policy may inspire a short-term rebound.
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The Australian Dollar saw a modestly negative reaction to a mixed bag of Chinese economic data outcomes. AUD/USD slipped in broadly risk-off Asia-Pacific trade.
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