US dollar strengthens, crude oil slips

14-Aug-13
New York’s main contract, West Texas Intermediate for delivery in September, dipped to US$106.1, while Brent North Sea crude for September shed one cent to US$108.96. The dollar strength is weighing on crude oil prices. The dollar strengthened on anticipation that US economic data this week will prompt the Federal Reserve to taper its monetary stimulus program sooner rather than later.
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