US market witnessed a sharp downside on Thursday due to declining energy stocks. However, the dollar is up again in the short term trade against the commodities as a dip in the euro on the concerns over debt restructuring in Greece and Portugal pushed the dollar up.
Ryan Detrick, Chief Strategist at Schaeffer's Investment, told CNBC-TV18 that higher dollar is sending crude down, creating pressure on the already sliding energy stocks, and developing additional concern for the market. Greek debt restructuring would deepen crisis: Ben May Here is a verbatim transcript of Ryan DetrickDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
