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Is Dollar Next? Investors Reassess After Swiss Shock: Currencies
After Switzerland shocked markets by scrapping its currency cap, investors are beginning to ask whether a policy surprise may be lurking for the dollar, too.
Brent crude oil rises above $48.50, but outlook remains weak
(Reuters) - Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts said the outlook for the next six months remained bleak due to oversupply.
Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.
Prices stabilised on Wednesday, with traders pointing to buying this week whenever benchmark Brent crude LCOc1 dropped towards $48 a barrel.
Draghi Bond Buying More Welcome in East Europe Than Switzerland
Unlike in Switzerland, eastern Europe has reasons to cheer Mario Draghi's bond-buying push.
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