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July 22, 2008

Dollar-Oil Link May Be Feeding off Itself

by Veronica Brown, The Citizen Newspaper, Tanzania - "If you go back and look at the last 6-1/2 years and you ask what's behind the strength of the oil price, I would say it's the same thing that is behind the strength of other things and that was the extremely accommodative US monetary policy," said Simon Derrick, head of FX research at Bank of New York Mellon.

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BYLINE PORTAL

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