What Fed's Policy Decision Can Mean for the U.S. Dollar

Hill Streible from Rjo Futures discusses the current state of the dollar, which remains quiet before an FOMC decision. He anticipates the Fed will maintain a patient stance, with interest rates coming down and the dollar weakening. The discussion also covers the potential impact of a US-China agreement on growth and Fed policy. In the commodities market, gold is expected to rise above $1300, while oil prices are influenced by inventory levels, geopolitical factors, and potential US-Mexico-Canada trade agreements. The target for oil is around $65 by year-end, with various factors affecting its price.

What are the current trends in oil prices and what factors are contributing to these trends?

How might the US-Mexico-Canada agreement influence oil demand?