After another tumultuous week market sentiment improves on Friday and that is felt especially across emerging markets where currencies were under selling pressure. CHFPLN dives by 0.9% and EURPLN by 0.8% as the Polish zloty leads gains across the EM space with ZAR and TRY also advancing. Improved sentiment serves oil prices too as OIL gains 1.5% today.
Oil down nearly 5% following the announcement that European diesel reserves will be released💡
🟡Gold takes a breath, because of oil, not NFP
Daily Summary: Wall Street Recovers as Micron Shines and Oil Prices Rise Again
The US has a Diesel problem. Now Europe is being asked to open its reserves