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Tight supply lends support

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 July 2021
Dollar waits on inflation data, oil lifts petrocurrencies.
  • #Oil prices edged up as tight supply and expectations of a further draw in U.S. and global crude inventories provided support.
  • The dollar was little changed against the euro and yen ahead of U.S. inflation data, while the main #petrocurrencies got a lift as oil prices began climbing again and China reported reassuring export numbers.
  • #Cryptocurrency exchange #FTX is joining Copper.co’s ClearLoop settlement trading network, which will allow it to gain new access to institutional funds.

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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.