US President Trump: Going To Michigan In About A Week And A Half
US President Trump: Going To Michigan In About A Week And A Half
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Dollar dips as oil eases; yen jumps after Japan remarks
The dollar fell as crude prices eased, while the yen strengthened after Japan and the U.S. reaffirmed concern over yen weakness. Sterling rose on hawkish BoE remarks and the euro was set for a third weekly loss.
Fed rate-hike odds rise to 70% after PPI
After the producer price index release, fed fund futures were indicating about a 70% probability of a rate hike next week. Headline PPI was 0.4% versus 0.4% consensus, while core PPI was 0.2% versus 0.3% consensus.
USO rises 1.2% as diesel prices hit record highs
The United States Oil Fund rose 1.2% to $143.69 after diesel prices hit a Labor Day record national average of $5.87, with expectations for further gains as the Iran war continues.
Trump Touts 'Thousand-Year' Gasoline Supply, Says China Lacks It, as Adam Schiff Questions $13 Billion Venezuelan Oil Claim
As the U.S. and Iran pause hostilities after weeks of continuous strikes, oil prices in the global markets fell sharply. However, gas prices could remain elevated at the pump despite the decline in crude oil prices. Refining Remains ‘Limiting Factor’ On Monday, GasBuddy analyst Patrick De Haan posted on the social medi