Oil prices continue to drive markets, this time more than reversing from 3%-plus losses on news that Iraq said that its is willing to cut production if others do. This backdrop saw commodity currencies rebound, along with European equities, and the yen loose some of its haven premium. USD-JPY lifted to the 118.30-40 area after earlier logging a low at 117.65. The likes of AUD-JPY and the oil-correlating CAD-JPY cross saw bigger price swings in terms of magnitude.
from RSS Feed http://ift.tt/1PhNFBJ
via IFTTT
No comments:
Post a Comment