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View Full Version : Oil Follows Equities Lower as Stronger Dollar Limits Hedging - Bloomberg



NewsWhore
06-08-2009, 07:30 AM
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Oil Follows Equities Lower as Stronger Dollar Limits Hedging (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaYDJYdhF1Vx4%26refer%3Dasia&cid=1256359826&ei=9fgsSrfOHuOqmQfAjtHHBQ&usg=AFQjCNERmHv_0eolBmIajldgaacMYfM59w)
Bloomberg
Oil declined as the US currency strengthened against the euro for a second day to its highest in more than a week. The stronger currency undermines demand for dollar-priced assets such as oil used to hedge against inflation. The relative strength index ...


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