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Bank of Singapore: Long term USD strength depends on “a large and persistent” oil price rise

The recent flare-up in US-Iran tensions partially reversed the erosion of USD’s safe haven status, 
but the extent of the USD strength will depend on the scope for “a large and persistent” oil price rise, according to Bank of Singapore. “Recent history would suggest that oil price spikes from geopolitical tensions, such as the September attack on Saudi Arabia’s Abqaiq…

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