Oil Slumps As Dollar Pumps Back Above Pre-Powell Pivot Highs

Well, was Powell really that dovish?

Not if you ask the FX traders as the dollar index has surged back above pre-FOMC statement levels…

 

And as the dollar spikes, WTI crude tumbles…

For now oil’s drop is not hitting stocks (despite the recent strong correlation between the two)…

 

 

 

 

via ZeroHedge News http://bit.ly/2WFL1hq Tyler Durden

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