Dollar and Loonie Rise Together as Brent Reclaims $100 After Round Trip - ActionForex
4 Articles
4 Articles
(New York = Yonhap News) Correspondent Lim Soo-jung = International oil prices rose on the 23rd (local time) as uncertainty surrounding the possibility of a diplomatic solution between the United States and Iran came to the fore.
The price of oil recorded a new strong rise, with Brent returning above $100 per barrel, as developments in the war in Iran and conflicting messages from diplomatic contacts at the UN maintain uncertainty in the markets.
Dollar and Loonie Rise Together as Brent Reclaims $100 After Round Trip - ActionForex
Brent completed a round trip, falling into the low $98s on Tuesday as traders priced a faster Hormuz reopening, then reclaiming $100 as focus shifted from whether Iran's diplomatic offer is real to how long any agreement would take to restore actual oil flows. CAD strengthened broadly on the oil rebound, but USD/CAD still edged higher because Dollar has an additional tailwind of its own: a hawkish week of Fed commentary keeping meaningful odds o…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
