Turkish Lira tumbled; Oil Prices Plunged after OPEC; Dollar Recovered
JFD Brokers Ltd
Tue, Dec 8 2015, 09:23 GMT
by Efthivoulos Grigoriou | JFD Brokers Ltd
The euro and greenback rose versus the majors as the market continues to digest the fresh ECB measures taken to stimulus the economy and the better than expected Non-Farm Payrolls report. Moreover, the US dollar rose versus the majors on the fall of the oil prices to a six-year low following the OPEC change.The Organization of Petroleum Exporting Countries (OPEC) will stop limiting the output to 30 million barrels a day in order to control prices and are planning to pump around 31.5 million barrels per day according to the OPEC President. The Australian dollar plunged on weak data revealed during the weekend and the New Zealand dollar tumbled amid of the speculations that the RBNZ will cut interest rates on Wednesday’s policy meeting.
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