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Euro now more closely linked to crude oil prices

The 120-day correlation between euro-dollar and generic prices for West Texas Intermediate oil has climbed to 0.4, the highest since April 2013, data compiled by Bloomberg shows.


IF you want to know which way the euro's headed, ask an oil trader.

The euro-dollar rate is tracking crude prices more closely than at any time in the past two years. The European Central Bank (ECB) gives more weight to the impact of energy prices on inflation than the...

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