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The final day of the week finds forex markets in risk-off mode with both the Japanese yen and the US dollar firmer but others, including the euro, commodity dollars and emerging markets currencies trending weaker. Among commodities themselves, geopolitical risk and benign inflation are sapping demand.
Squawk / 14 November 2017 at 9:09 GMT
Head of Commodity Strategy / Saxo Bank
IEA's Oil Market Report for November has just been released. They see a less bullish scenario than the one that was presented by Opec yesterday. They cut demand growth by 100k b/d in 2018 to 1.3m b/d and see oversupplied crude oil markets in Q4 2017, Q1 and Q2 2018.
Link to OMR:
Headlines attached from Reuters


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