🚀 U.S. Distillate Oil Demand Rises in November
#USDemand #DistillateOil #EnergyInformationAdministration #OilDemand #USOil #NovemberDemand #Jin10 #OilMarket
The U.S. Energy Information Administration reports a 3.2% increase in distillate oil demand in November compared to last year, reaching 3.796 million barrels per day. According to Jin10, this follows a 1.4% decline in October.#USDemand #DistillateOil #EnergyInformationAdministration #OilDemand #USOil #NovemberDemand #Jin10 #OilMarket
🚀 Dollar Sentiment Reaches 14-Year Low in February
#DollarSentiment #BankofAmerica #Pessimism #DollarOutlook #ShortPositions #FundManagers #USDemand #LaborMarket #KevinWarsh #FederalReserve #TrumpNomination #USDAssets #BlockBeats
A recent survey by Bank of America reveals that dollar sentiment has turned negative, marking the most pessimistic outlook in over 14 years. According to BlockBeats, the survey indicates that short positions on the dollar have reached their highest level since January 2012, the earliest available data point.
Fund managers' exposure to the dollar has fallen below the low point recorded in April last year. Despite U.S. President Donald Trump's nomination of Kevin Warsh as Federal Reserve Chair, which eased concerns about the Fed's independence, there has been no increase in demand for the dollar or improvement in perceptions of U.S. assets.
Respondents identified further deterioration in the U.S. labor market as the primary downside risk facing the dollar.#DollarSentiment #BankofAmerica #Pessimism #DollarOutlook #ShortPositions #FundManagers #USDemand #LaborMarket #KevinWarsh #FederalReserve #TrumpNomination #USDAssets #BlockBeats