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EURO and oil Price relationship By Dr. Warren Huang

 


Comment by Warren Huang -Wall Street Journal Market Beat June 11, 2008 at 3:21 pm

According to my tracking last 20 years daily Euro, Yen and oil price movement, oil price is more snesitive to euro lately, due to EURO ECB more aggressive fighting soaring 3.2 % inflation, while Japan inflation stay relative flat at 1.5 %, no immediate threat and interest rate relative constant at 1.5 %
Todya EURO rebound from 1.54 to 1.556 push oil price higher, Oil will follow EURO move to 1.575 retest 139.

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