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U.S. dampen the crude market

Miguel A. Rodriguez
Miguel A. Rodriguez
24 November 2021
Dollar hits new high on yen as Powell reappointment firms hawkish Fed bets
  • The U.S. Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve as part of efforts to lower prices
  • The #dollar hit a new four-and-a-half-year top against the yen after Federal Reserve Chair Jerome Powell was renominated for a second term, reinforcing bets that U.S. interest rates would rise next year and diverge from Japan's
  • U.S. banking agencies have set an agenda for how to begin tackling oversight of the #cryptocurrency industry, according to a joint statement that addressed custody, crypto-backed loans and the possibility of capital standards
  • #BTCUSD exploded 1.8%
  • #WTIUSD skyrocketed 2.9%
  • #XAUUSD plummeted 1.1%

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.