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USD gaining strength, WTI bulls running for $50/b: Van-Petersen
Kay Van-Petersen from Saxo Bank's Singapore office outlines the prospects of the US dollar going even higher after a huge bounce last week. If the US dollar gets stronger, it will pose difficulties for commodities, emerging markets and equities.
Currently WTI crude oil is strong and the bulls are running for $50/barrel. If this is the case, shorting copper, coffee and the Canadian dollar could be trade ideas, according to Van-Petersen.
02:03 minutes
Tags: cad, canadian dollar, coffee, copper, crude, oil, saxo bank, saxo tv, saxotv, tradingfloor.com, tradingfloorcom, usd, usdcad, van-petersen, wti, wti crude, wti crude oil, wti price
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