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Crude Crushes the Dollar

Discussion in 'Fundamental Analysis' started by ActionForex.com, Aug 21, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Oil prices are above $120 a barrel on geopolitical tensions and fears that Tropical Storm Fay will make landfall for the third time, which is an extremely rare occurrence. The correlation between crude prices and the US Dollar has been greater than 70 percent since the beginning of the year....

    complete article here...

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