April 3, 2023 – Written by John Cameron
Leave a comment US Dollar (USD) Supported by OPEC Production Cuts
The US Dollar (USD) came under increased selling pressure on Monday despite the increasingly cautious market mood in the wake of the Organisation of the Petroleum Exporting Countries (OPEC+) decision to cut the production of crude oil.
In a move that sent shockwaves through the markets, the OPEC+ are hoping the limited production will drive the price of oil back up. With WTI crude plummeting below $75 a barrel for much of the past month, the…
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