Crude Oil or Rates? What Actually Moves the Dollar This Week #Shorts

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Fed holds at 4% while the ECB stays at 2.5%. Lower energy costs could help importing economies, but relative rates still drive the dollar. So what has the bigger influence on FX this week — the oil move or the rate differential?

Short-term the oil drop may dominate, but it’s likely short-lived with a heavy US data week ahead (including PMI). Watch both energy prices and incoming US data closely.

#Dollar #Forex #FX #Oil #InterestRates #Fed #Trading