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Dollar Spikes Above Key Resistance: Slams Oil, Energy Stocks, Broad Market

The USD Index is at its highest since late July, breaking out above its 200-day moving-average as Fed rate-hike odds soar. The knock-on effect of the surge is tumbling oil prices, plunging energy stocks, and subsequent drops in the major US equity indices... Thanks to a higher dollar, lower oil, and lower energy stocks... As RBS notes As we have experienced for much of the past year and a half, a stronger Dollar has triggered “deflationary / disinflationary” price-action with commodities and EM, which has then bled into rates, HY credit (energy and materials heavy) and equities.
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