Dollar and Oil Markets Show Divergence Amid Economic Signals
The U.S. dollar edged higher on Friday, buoyed by stronger-than-expected economic data, yet still recorded its steepest weekly decline in a month. Mixed signals from capital goods orders and shipments underscored a sharp slowdown in business investment during Q2. Despite a 0.3% rise in the dollar index, the currency failed to recover from earlier losses.
Oil markets faced sustained pressure, with Brent crude settling at $68.44 and WTI at $65.16—levels last seen in early July and late June, respectively. Both benchmarks ended the week down 1% and 3%, as traders weighed oversupply concerns against faint hopes of demand revival from potential U.S. trade deals. The market’s cautious stance reflected broader unease over policy decisions and geopolitical risks.
Log in to Reply
Log in to comment your thoughtsComments
Related Articles
|Square
Get the BTCC app to start your crypto journey
Get started today Scan to join our 100M+ users