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Podcast: Triple Compounding with Kiana Danial
Episode: 5-Minute Market Update - Forex, Stocks, Crypto - Oil Prices Plunge on Saudi Arabia Attack
Description: Forex Update
Last week was a mediocre week for the dollar, though easing of trade tensions have caused many investors to have a bullish long-term outlook. At the same time, newly developed conflicts between Iran and Saudi Arabia have spiked oil prices and may reduce the dollar’s relative spending power. Expect a week characterized by a lot of ups and downs.
We’ll also pay attention to whether the Fed decides to cut interest rates. Meanwhile, the Canadian Dollar dropped, largely due to its close ties to global oil prices. The Euro also struggled follo...