The WSJ Dollar Index Rises 0.29% to 95.86 – Money News
1531 GMT – The greenback’s latest appreciation is pushed by the potential for an improved U.S. phrases of commerce as oil costs rise due to the Middle East battle, Commerzbank’s Michael Pfister says in a word. Higher oil costs subsequently enhance the U.S. phrases of commerce as U.S. export costs rise relative to these within the eurozone, giving Americans more money at their disposal to spend. The “decisive factor” is how long the oil costs increase lasts.
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