‘Risk-on' rally lifts ICE Brent to brink of $70/b

摘要

New York-ICE March Brent rose 61 cents Friday to $69.87/b amid greater appetite for “risky” assets, raising commodities, equities and US Treasury yields, while the US dollar fell sharply against other major currencies. The euro jumped to a three-year high after the party of German Chancellor Angela Merkel and the Social Democrats made a breakthrough on talks to form a coalition government. The US Dollar Index had touched a low of 90.95 as of Friday afternoon, the lowest level since January 2015.