Oil swings between Mid-East tensions, China dismay – US Dollar Index up [Video]
|The week started on an ugly note except for those who have a long exposure to energy related assets. The crumbling dovish Federal Reserve (Fed) expectations at the wake of a blowout jobs report from the US, the lack of further stimulus measures from China and the mounting geopolitical tensions in the Middle East give investors a hard time at the start of this week.
US yields and the US dollar are up, major counterparts are down, oil swings between gains and losses, copper and iron ore futures are heavily sold. The VIX index is rising.
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