Monday, April 17, 2017

· US Dollar down amid geopolitical tensions and weak data


Good Afternoon,

Highlights of the week:-

·         US Dollar down amid geopolitical tensions and weak data
·         Oil price rose as tensions continues while OPEC looks to extend cuts to 2H2017
·         IMF still debating over lending to Greece; UK’s average weekly earnings rose while inflation remained at a high
·         Heightened tensions between US and North Korea supported the yen
·         India’s inflation rose while Bank of Korea kept policy rate unchanged; Ringgit rises as investors shift to Asian currencies and higher oil prices

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