Weak US Data Reignited Concerns over Growth Momentum

2 April 2015 2 April 2015

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Disappointing US employment data tamed speculations of Fed funds rate hike, sending US dollar and Wall Street lower. Commodities gained support, however, as the greenback declined. The front-month contract for WTI crude oil rose to a 3-day high of 50.45 before ending the day at 50.09, up +5.23%. The Brent crude contract also jumped to a 3-day high of 57.69 before settling to 57.1, up +3.61%.