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OPEC's Surprise Output Cut Sparks Brief Dollar Rally

Por: RTTNews Business April 11, 2023

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The surprise output cut announced by the OPEC on April 2 gave the Dollar strong momentum in the beginning of the week spanning April 3 -7. The OPEC, which met on Sunday announced an output cut of 1.16 million barrels per day. The surprise move triggered renewed fears of heightened rate hikes by central banks the world over and swayed currency market sentiments. From the previous close of 102.51 on March 31, the Dollar Index (DXY), which measures... + full article



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