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The U.S dollar affects oil prices

U.S. President Donald trump and European commission President jean-claude juncker are expected to have a major impact on the dollar and provide new momentum for oil prices.

Just the day before, Mr Trump had again tweeted that the tariffs were "the greatest", suggesting either a fair deal or a tariff crackdown.If the meeting goes nowhere, it could spark a flight to safety and the dollar could benefit.

In addition, sources say the White House plans to provide $12 billion in aid to American farmers.After a spate of attacks by Mr Trump last week against the federal reserve and the strong dollar, markets are starting to sound bearish.Three major investment Banks have said the outlook for the dollar is not optimistic, and a weaker dollar has supported oil prices.


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