The euro was up almost a big figure against the dollar to reach above $1.1680 after an EU deal on migrants and European inflation hitting the expected 2% level. Oil saw a surge higher above $74 a barrel by late Friday as OPEC’s plan to increase output at the June meeting has failed to ease concerns of supply outages from Canada, Libya and Iran. It is important to note that WTI oil advanced for a fourth consecutive quarter and had the longest quarterly rally seen in 8 years. Gold was down over 3 percent in June and had the worst month since November 2016, mainly due to the strong greenback.
Euro Looks for Direction
Weekly Report - 02/07/2018