Fundamental Analysis
Posted 58 min ago
Oil surge to $100 lifts Treasury yields, Fed rate-hike odds
Crude oil jumped to $100/bbl, pushing 10-year Treasury yields higher and reviving market pricing for a September Fed rate hike following July FOMC minutes showing three dissents. USD strength likely continues as rate expectations anchor dollar demand; EUR/USD and GBP/USD face downside pressure. Watch Friday's EU/UK PMIs and US jobless claims for labour-market confirmation of the hawkish repricing.
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