By Shinichi Saoshiro TOKYO (Reuters) – The dollar languished close to one-month lows on Friday, seemingly pressured by year-end positioning with financial markets whipsawed by a collapse in oil prices, sell-off in equities and a threat of a U.S. government shutdown. A day after the Federal Reserve raised policy rates and delivered an outlook that […]
By Tommy Wilkes LONDON (Reuters) – The euro clawed itself off recent lows on Monday as the dollar paused near 18-month highs and traders waited to see whether the U.S. Federal Reserve’s policy meeting this week would calm nerves about slowing global economic growth. In a quiet start to European trading, most currencies were little […]
By Tom Daly BEIJING (Reuters) – Pulp futures endured a dismal trading debut on the Shanghai Futures Exchange (ShFE) on Tuesday as a combination of weak demand and high inventory levels caused prices to plunge by the maximum permitted 10 percent. The contract for the paper-making raw material is China’s 50th commodities futures contract, Fang […]
By Christopher Johnson LONDON (Reuters) – Oil prices fell on Tuesday, depressed by record Saudi Arabian production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week. Brent crude oil (LCOc1) was down 70 cents a barrel at $59.78 by 0838 GMT, still above a […]
By Dhara Ranasinghe LONDON (Reuters) – The U.S. dollar rallied on Tuesday after U.S. President Donald Trump said that he would push ahead with tariffs on Chinese goods, fuelling concern about a Sino-U.S. trade war and boosting demand for the greenback. Sterling was weaker (EURGBP=) across the board after Trump said on Monday the agreement […]
By Tommy Wilkes LONDON (Reuters) – The dollar rose towards 2 1/2-month highs on Tuesday, supported by worries about an escalation of the Sino-U.S. trade war. The euro, pushed lower by the stronger dollar, slipped as traders prepared for a swathe of data, including euro zone GDP and German inflation. Investors bought into the dollar […]
By Tom Finn LONDON (Reuters) – The euro fell toward a two-month low on Tuesday before a meeting by the European Commission on Italy’s budget that could see Brussels take the unprecedented step of rejecting it and demanding changes. A dispute over Italy’s spending plans and doubts about the leadership of Britain’s prime minister, mired […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Tuesday after Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to U.S. sanctions against Iran’s crude exports that start next month. Front-month Brent crude oil futures (LCOc1) were at $79.62 a barrel at 0427 GMT, […]
WASHINGTON (Reuters) – Every Federal Reserve policymaker backed raising interest rates last month in a meeting where they also generally agreed borrowing costs were set to rise further, according to minutes from the meeting released on Wednesday. The hike was the third of this year and the display of unanimity at the Sept. 25-26 meeting […]
By Christopher Johnson LONDON (Reuters) – Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining before the imposition of new U.S. sanctions and as a hurricane moved across the Gulf of Mexico. Benchmark Brent crude was up 55 cents at $84.46 a barrel by 0730 […]
