USD supported by higher oil prices and firm yields
OCBC strategists note the US Dollar remains supported by higher oil prices, firm US yields and resilient Fed expectations but is capped and not yet breaking out of its recent range, with markets focused on energy and US inflation.
Original · FXStreet AI summary of public reporting
Why: Higher oil prices support USD
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Prices since publication
At publication → CurrentCL92.22 → 93.22+1.1%
EUR1.12 → 1.119−0.0%
JPY158.19 → 158.34+0.1%