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US Dollar Is All About Divergence

As markets return to full participation following the Easter recess, and as a new trading week get’s underway, I thought it would be apposite to consider the three primary currencies of the US dollar, the yen and the euro on the daily timeframes.

Brent Remains Below $103 Despite Tightening Supplies

Brent crude oil (BNO, quote) was steady on Wednesday morning after briefly rising overnight, but waning demand in both China (FXI, quote)  and Europe (FEZ, quote) coupled with declining U.S. crude imports kept a lid on gains.