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FX Daily: Gauging the oil-equities mix
April 23, 2026
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Posted 2 hours ago by
Equities and oil are reaffirming their greater relevance for FX relative to rate differentials. A mix of resilient risk sentiment, while Hormuz concerns push crude prices up, is good for both USD and commodity currencies. But if US equities turn lower (like this morning), USD stands as the only winner. Eyes on the PMIs today alongside Gulf headlines
ING Think
Coverage and analysis from Netherlands. All insights are generated by our AI narrative analysis engine.
Netherlands
Bias: center
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