Market correlations seemed to be in flux for the most part of the week, as different factors came in play for currencies, equities, and commodities. Pushback on policy easing by a handful of major central banks spurred rallies for their respective currencies and highlighted divergences with more dovish monetary authorities. Meanwhile, opposing forces pushed crude oil prices around, including geopolitical tensions, revised world demand forecasts, and surprise inventory gains.

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This post first appeared on babypips.com

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