United Kingdom Consumer Inflation Expectations: 2%

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Dec 11, 2015

AUD/USD ignores resilient copper, follows oil lower

The AUD/USD pair ignored 1% gain in Comex Copper and turned lower, tracking the moderate weakness in the oil prices.

IEA raises 2016 global oil demand forecast

The Paris based International Energy Agency (IEA), in its latest monthly report, raised its 2016 global oil demand forecast by 20k barrels per day (bpd) to 1.23 million bpd. The report maintained that oil markets would continue to remain oversupplied at least till end-2016.