Top
New York  London  GMT  Tokyo  Sydney 

US Commerce Secretary Locke- Dollar weakness a concern, can lift oil prices

By   || October 21, 2009 at 17:18 GMT
|| 1 comment || Add comment

US Commerce Secretary Locke says that dollar weakness is a concern as it can raise the price for oil and other imports. The link between oil and the dollar bolsters the case for energy independence, he says.

By energy independence he means Unicorn-powered mass transport, not drilling for more oil and gas in the US…

EUR/USD has rallied to fresh highs in the-low 1.5030s with US concenrs, but no plans to do anything about them, just egging on the dollar bears. 1.5050 barriers are the next market hurdle.

The Fed’s Beige Book is due at the top of the hour, expected to show a recovering economy, but a tepid recovery.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

One Response to “US Commerce Secretary Locke- Dollar weakness a concern, can lift oil prices”

  1. simon on October 21st, 2009 17:27 GMT

    go aussie

Bottom