Financial markets got off to another shaky start this week, as investors
made jittery by Britain’s surprising vote to leave the European Union
abandoned securities for U.S. bonds and Treasury bills, which they
perceived as safer investments.
The OPEC meeting in Vienna this week comes in the midst of an oil price
increase. Friday’s release of the U.S. employment numbers for May will
be closely watched to see if they are in line with earlier positive
data. If so, the likelihood of a Fed rate increase in June goes up
considerably, which could lead to more dollar appreciation.