Oil continues to decline, driven by strong US Dollar

Note: This section contains information in English only.
Source: WBP Online
Crude kept its downtrend on Thursday as the Greenback strengthened after the FOMC statement, which showed that the Fed remained on track for hiking rates in 2015. The WTI futures fell 0.2% to $48.69 a barrel, while Brent crude declined to $53.46 by 06:30 AM GMT. However, recent drop in the US oil inventories to five-month low over the last week bolstered outlook for oil demand.
Back to articles

Actual Topics

Thu, 30 Jul 2015 11:17:04 GMT

Euro depreciates against FOMC-boosted Greenback

The shared currency fell versus the US Dollar on Thursday, following the FOMC statement, with the Fed still considering to increase interest rate in September if the data comes in strong. The EUR/USD pair dipped to weekly lows around $1.0960. Meanwhile, data coming from Europe showed the number of unemployed in Germany rose by 9000 in July, while unemployment rate

Thu, 30 Jul 2015 07:55:06 GMT

Yen weakens against Greenback on post FOMC reaction

The Japanese Yen fell slightly against the Greenback during the trading session in Asia, after FOMC gave no clear signals on the timeline of hiking interest rates. Moreover, the Bank of Japan's comments about concerns over Japan's economic strength sent the pair higher. The Dollar rose 0.15% to 124.1850 against the Japanese counterpart by 7:20 AM GMT and attempts to

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.