Low oil prices will not last a long time – Iran’s President Rouhani

FXStreet (Mumbai) - The latest comments from Iran’s President Hassan Rouhani as speaks in Paris, are contributing to the upside in the black gold.

Rouhani noted, “Low oil prices will not last a long time,” while expecting that producers will restore balance in the short-term.

FOMC statement in line with expectations - MUFG

Lee Hardman, Currency Analyst at MUFG, suggests that yesterday’s FOMC statement was broadly in line with market expectations displaying a more cautious tone.
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