West Texas Intermediate (WTI) crude oil prices continue to rise, maintaining a steady position above $59.00 per barrel. During Asian trading hours on Monday, WTI traded around $59.10, marking its third consecutive session of gains. The upward momentum is largely attributed to growing supply risks, particularly due to escalating protests in Iran, which could impact oil production and export levels.
As traders monitor the situation, the implications for the USD and other currency pairs become significant. Rising oil prices may influence inflation and economic outlooks, potentially affecting the exchange rate dynamics between the USD and EUR. Investors remain cautious as they assess how these geopolitical tensions might impact broader market movements and trading strategies in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 08:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.