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Strong $ Sends Oil Down (a little)

For the first time in 5 days, the price of a barrel of oil went down – the futures anyway. Economic concerns in Europe and worries about a drop in consumption lead the way down.

Tim Geitner and Mario Draghi are supposed to meet in Frankfurt today. We’ll see what happens. The FOMC is has a 2-day meeting ending 8/1. ECB’s Governing Council is scheduled to meet 8/2. Interest rates and economic stimulus.

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