Weekly Fundamentals - Ample OPEC Capacity the Swing Factor of Oil Price

Boosted by encouraging macroeconomic developments and IMF's upgrades on growth forecasts, commodities generally got a good week, in parallel with equities and risk-sensitive currencies. Earlier in the week, the RBA announced to leave the cash rate unchanged at 4.5% but reaffirmed an 'about-trend' economic growth.

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Weekly Fundamentals - Ample OPEC Capacity the Swing Factor of Oil Price