USD is stronger, many economic reports incoming
EUR continued to fall against USD yesterday, and reached 1.0501 a 5-year low. After a brief rebound the pair is again trading lower this morning.…
Crude oil prices have registered up-and-down moves since the container ship blocked the Suez canal. Yesterday they were down, but are already rebounding. Brent 1st-nearby prices fell from around $64/b to $61/b and are now trading near $63/b. The general sentiment is better (see the Daily Eco) and supports this rebound, but there is also the fact that traffic through the canal may not resume before the end of next week.
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