A risk-on theme has prevailed so far today, which means yen underperformance and commodity currency outperformance. The dollar also traded generally softer outside of the case for USD-JPY, which hit a two-session peak of 109.45. The resilience of oil prices in the wake of the Doha meeting debacle catalysed risk-on positioning in global markets. Brent crude advance by nearly 2%, up by over 7% from yesterday's low, putting prices above levels that were prevailing at the close of trade on Friday, ahead of Sunday's Doha gathering.
from RSS Feed http://ift.tt/23VXZoy
via IFTTT
No comments:
Post a Comment