YELLEN TESTIMONIES MAKE MARCH RATE HIKE UNLIKELY AS OPEC COMMENT STOPS OIL DECLINE |
The week from February 5 to 12 was defined by a flight to safe havens. The biggest winners versus the USD were the JPY and the CHF as investors looked to less risky assets. Oil had another rollercoaster of price changes as comments from the International Energy Agency (IEA) put downward pressure until the Organization of the Petroleum Exporting Countries (OPEC) via the United Arab Emirates energy mister made a comment about a possible production cut agreement that helped the price of crude bounce on Thursday. |
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