Feb. 23 2011 | Aaron Smith, MD of Superfund Financial, says if oil moves above $102 a barrel, it could continue in a "massive" uptrend. He tells CNBC's Chloe Cho, Anna Edwards and Yousef Gamal El-Din that West Texas crude oil prices may hit $150 by year-end.
Thursday, February 24, 2011
Middle East Driving the Forex Market
Feb. 24 2011 | As the Swiss franc hits a record high against the U.S. dollar, Lee Wai Tuck, currency markets strategist at Forecast, says the geopolitical crisis in the Middle-East will remain the focus of the currency market, regardless of forthcoming U.S. jobs and housing data. He speaks with CNBC's Chloe Cho, Anna Edwards and Yousef Gamal El-Din.
Currencies and the Oil Rise
Which Currencies Rise With Oil?
Feb. 24 2011 | "The oil price is going up because of risk… therefore analyze currencies via risk," David Bloom, global head of foreign exchange strategy at HSBC, said. This is why the Canadian dollar, among others, was not boosted by the recent spike in oil prices, he added.
Feb. 24 2011 | "The oil price is going up because of risk… therefore analyze currencies via risk," David Bloom, global head of foreign exchange strategy at HSBC, said. This is why the Canadian dollar, among others, was not boosted by the recent spike in oil prices, he added.
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