Another hurricane heading for the Gulf of Mexico is goosing prices higher and helping take some of the steam out of the dollar rally. Crude is up about $4 from its lows trading now at $117.50.
Dovish comments from the Fed’s Fisher as well as a big drop in the Case Shiller index on a year-over-year basis combined with the oil pop are all helping prompt a EUR/USD retracement. 1.4670 is next resistance.
