Pressure off greenback as oil market stabilises

By Mark Mulligan
Updated May 30 2016 - 4:13pm, first published 3:51pm
End of an era. Oil's influence on the greenback will wane as supply and demand dynamics resume normal service.
End of an era. Oil's influence on the greenback will wane as supply and demand dynamics resume normal service.
It's not all about the Fed. Commodity market weakness has driven up demand for the greenback. Photo:  Bloomberg, SG
It's not all about the Fed. Commodity market weakness has driven up demand for the greenback. Photo: Bloomberg, SG

Easing pressure on the US dollar from stability in commodity markets should allow the Federal Reserve to step up the pace of its monetary tightening, says Societe Generale.

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