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Dollar slumps, oil rebound proves fleeting
December 8, 2015 8:15 PM ESTBy Sam Forgione
NEW YORK (Reuters) - Oil prices slipped on Wednesday, giving up gains after an early rebound on a drop in U.S. crude oil inventories, while the dollar fell as investors betting against the euro were forced to reverse those positions following hawkish comments from a European policymaker.
Wall Street ended lower, as the S&P 500 moved in tandem with oil prices through most of the day, and closed at a low not seen since Nov. 13.
The dollar was sharply lower in afternoon trading on a resumption of the severe selling which had... More
