
#USDollarWeakness#
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Be it above 3.0 million coronaviruses (COVID-19) new cases or the record-high budget deficit, not to forget the long-standing tussle with China, the US dollar had to bear it all. In the latest blow, American Secretary of State Mike Pompeo criticized Beijing’s anti-human right behavior whereas US Trade Representative (USTR) Robert Lighthizer is up for speaking at 17:00 GMT. While portraying the pessimism, the US dollar index (DXY) drops to the fresh four-week low of 96.24, down 0.25% on July 9.
🚨Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay
Oil prices ticked up on Friday as investors balanced a sharp drop in U.S. crude inventories and OPEC+ production delays against mixed U.S. employment data. Brent crude futures rose 0.26% to $72.88, while U.S. WTI futures gained 0.32% to $69.37. "Crude edged higher as bullish signals outweighed recen

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