U.S. Home Sales Push the U.S. Dollar Higher: The U.S. Dollar Index recorded a notable gain
s during yesterday’s trading session following the release of U.S. home sales data,
marking the second consecutive monthly increase.
Content
Oil Inventories
U.S. Home Sales
OpenAI
U.S. Oil Inventories Drop by Over 4 Million Barrels
U.S. oil inventories experienced a sharp decline last week,
far surpassing expectations.
Data from the U.S. Energy Information Administration
revealed that commercial inventories dropped by 4.5 million barrels last week,
compared to the expected decline of only 1.3 million barrels.
Gasoline inventories also fell by 1.5 million barrels.
U.S. Home Sales Push the U.S. Dollar Higher
The U.S. Dollar Index saw significant increases
during yesterday’s trading session following the release of U.S. home sales data,
which rose for the second month in a row.
New home sales reached 716,000 in August,
exceeding expectations of approximately 699,000 homes.
Consequently, the U.S. Dollar Index rose again, reaching levels of 100.91.
OpenAI’s CTO Announces Her Departure from the Company
On Wednesday, Mira Murati, the Chief Technology Officer at OpenAI,
announced her intention to leave the company after a six-and-a-half-year tenure.
In a post on the “X” platform, Murati stated: “After much reflection,
I have made the difficult decision to leave OpenAI.
While there is never a perfect time to step away from a place so close to the heart,
this moment feels right.”
Murati is the latest prominent executive to leave the company.
Co-founder Ilya Sutskever and safety head Jan Leike announced their departure in May,
and co-founder John Schulman revealed last month that he plans to join rival company Anthropic.
U.S. Home Sales Push the U.S. Dollar Higher