28 Nov 2014
US Dollar stronger after OPEC decision – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team, notes that the OPEC’s decision to say no to production cuts triggered strength in the USD sending Aussie below and USD/JPY higher.
Key Quotes
“WTI Crude Oil traded at about $68 per barrel, hit fresh 4-yr lows, after OPEC maintained daily production at 30M barrels. Energy companies in Asia opened sharply lower on the crude move, while airliners in Japan, Australia, China posted nice rallies. The US Dollar traded generally higher, sending the Aussie below $0.85 and Dollar/Yen above the ¥118 handle.”
Key Quotes
“WTI Crude Oil traded at about $68 per barrel, hit fresh 4-yr lows, after OPEC maintained daily production at 30M barrels. Energy companies in Asia opened sharply lower on the crude move, while airliners in Japan, Australia, China posted nice rallies. The US Dollar traded generally higher, sending the Aussie below $0.85 and Dollar/Yen above the ¥118 handle.”