Thursday, April 21, 2011

Dollar Plunges as US Rate Outlook Spurs Bid for Yield + Oil rallies $3 a barrel = above $124 on weak dollar, U.S. stockpile drop + Crude Oil Advances a Third Day on Improving Outlook for Global Fuel Demand

[mEDITate-OR:
find crude what is happening to your vacation plans...
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there is an almost perfect negative correlation between the falling dollar and oil prices
—minus-0.9 to be exact.
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Iran sees further rise in oil prices by end 2011
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The euro hit a 15-month high above $1.45
the Canadian and Australian dollars to multi-year peaks. 
hitting two-year lows against the Brazilian real and Mexican peso.
China also allowed the yuan to touch a record high =
up 1 percent against the dollar this year and 4.5 percent since mid-2010
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dollar, euro, currencies
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Dollar Plunges as US Rate Outlook Spurs Bid for Yield
http://www.reuters.com/article/2011/04/21/us-markets-oil-idUSTRE72D01W20110421
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$6 gas? Could happen if dollar keeps getting weaker.
Under the right conditions, gas could cost as much as $6 per gallon by the summertime
http://www.csmonitor.com/Business/Latest-News-Wires/2011/0420/6-gas-Could-happen-if-dollar-keeps-getting-weaker
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Crude Oil Advances a Third Day on Improving Outlook for Global Fuel Demand
http://www.bloomberg.com/news/2011-04-20/crude-oil-trades-near-an-eight-day-high-after-equities-rise-dollar-falls.html
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Brent rises above $124 on weak dollar, U.S. stockpile drop
http://www.reuters.com/article/2011/04/21/us-markets-oil-idUSTRE72D01W20110421
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