Archive for May 8th, 2018

New Overnight Developments Abroad - Daily Update

Oil Down & Dollar Up Ahead of Trump’s Announcement on Iran Nuclear Deal

May 8, 2018

President Trump’s decision is scheduled for 14:00 EDT (GMT 18:00). He is widely expected to pull the United States out of the deal. West Texas Intermediate crude oil has traded 1.4% lower and is back under the $70 per barrel level. The dollar’s gains so far today are most pronounced against commodity-sensitive currencies like the […] More