🚨 Urgent news Optimism about the dollar has reached a 10-year high — and everything is tied to oil and the Fed. According to MarketWatch data, buying positions on the dollar have been crowded. It was sparked by a jump in oil prices on Wednesday, as renewed tensions in the Middle East put inflation concerns back on the table — and kept alive expectations for Fed contraction. If the rise in oil remains stable, the Fed will have less reason to cut rates and the dollar will remain strong. The key point to watch: the continuation of this oil rally. #SorooshX
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