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The dollar surged to a fresh five-month high Monday morning amid a winddown of US-China trade tensions and as markets poise for faster growth.
A swirl of tariffs, sanctions and geopolitical tensions in the Middle East have pushed oil to three-year highs. But as the dollar embarks on its own rally, some experts think barrel prices could drop off as soon as next year.
The ruble has plunged more than 12% over the past week, but some think there's still hope for the Russian currency.
The currency has fallen 12% against the dollar over the last 7 days.
Russian markets are hurting after US slapped sanctions on dozens of the country's individuals and entities last week, and some think the worst is yet to come.
BANK OF AMERICA: Massive amounts of overseas cash are about to pour into the US — and provide a boost to the dollar
A portion of the $3.5 trillion of profits that US multinationals have socked away abroad could be on its way back to the country.
The yen was up to 102.26 per dollar Wednesday morning.
The loonie and peso are advancing versus the US dollar, as anxiety around a US exit from NAFTA eases.
Dave Lutz, head of ETFs at JonesTrading, has an overview of markets this Tuesday.
Dave Lutz, head of ETFs at JonesTrading, has an overview of markets this Wednesday.