(Reuters) Oil prices fell sharply on Tuesday on oversupply concerns, while a gauge of stocks across the globe rose for a seventh straight session after large overnight gains in Asia.
While the dollar was supported by recent U.S. economic data meeting lowered expectations, the greenback may be in for some weakness, said Juan Perez, senior foreign exchange trader and strategist at Monex Inc.
“Central banks cannot provide that much to incentivize stocks any higher, thus risk-appetite is muted and the buck may continue to lose based on the fact that the American economy is indeed slower and the Fed’s ability to satisfy anyone is in question,” Perez said.
