Reliance continues to set new benchmarks and records despite a challenging global economic scenario marked by volatile commodity prices, weak growth in certain major economies and dollar appreciation against most major global currencies. (ril.com)
US dollar continues to grow strong against major global currencies as bond yields hit new high during yesterday's trading session.As US dollar index hit a 5 month (fxempire.com)
The velocity of the move will be based on the movement of the dollar in conjunction with other major global currencies; A fast move higher in the U.S. dollar will force the price of crude lower quickly (crude is denominated in dollars globally) and force selling by those who need capital. (cnbc.com)