Strategist: Do not believe that oil prices will quickly return to $70

Odaily Planet Daily News: ATFX Global Chief Market Strategist Nick Tweda said, “I believe the US dollar may weaken in the coming rounds of trading. We may see slight gains in risk currencies such as the Australian dollar and the Japanese yen, but I don’t think there will be major fluctuations. There is still a lot of uncertainty about when the strait will truly reopen and how long it will take for oil flows to return to normal. This will definitely take months, not weeks. I don’t think we will see oil prices return to $70 anytime soon.” (Jin10)
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