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Forex markets are responding to continuing shifts in central bank policies. Currently, the Dollar is on the rise while the euro has hit a downtrend.
A mixed picture was presented by Bank of America’s and Morgan Stanley’s results in recent days. Bank of America managed to beat analyst estimates while Morgan Stanley disappointed.
Oil prices have been rising over the past week, with both Crude and benchmark Brent Oil on an upward trend. The beginning of summer as well as rebounding Chinese demand could be the proximate causes.
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