US AM Digest: Oil Prices Hit Fresh 3 Year Peak

US AM Digest: Oil Prices Hit Fresh 3 Year Peak

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Oil prices continued its bullish momentum with Brent hitting $74 for the first time in 3 years. GBP took another hit after weak retail sales data.

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US
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The upcoming North American economic calendar is incredibly light, leaving the news wire as the most potent source of risk today.
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EURO
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The Australian and New Zealand Dollars rose with Chinese stocks as markets offered the seal of approval to HKMA efforts at defending the USD/HKD currency peg.
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ASIA
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The Japanese Yen showed an aggressive trend of strength in Q1 as Japanese inflation jumped to three-year highs. Q2 has showed a change of pace as weakness has started to return, but will tonight's inf...Continue Reading

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