The dollar rebounded against the yen on Thursday after China’s foreign exchange regulator said a report about Beijing slowing or halting U.S. treasury purchases could be wrong. USD/JPY was up 0.36% to 111.84 by 02:52 AM ET (07:52 AM GMT) pulling away from Wednesday’s one-and-a-half month low of 111.26. China’s foreign exchange regulator said on Thursday […]
Crude oil prices were trading at three-year highs on Wednesday, as traders awaited the release of weekly U.S. inventory data due later in the day. The U.S. West Texas Intermediate crude February contract was up 38 cents or about 0.60% at $63.34 a barrel by 04:45 a.m. ET (08:45 GMT), the highest since December 2014. Elsewhere, Brent […]
The dollar extended losses against the yen on Wednesday, after the Bank of Japan trimmed the size of its bond purchases in the prior session, sparking speculation that it could start to scale back its monetary stimulus later this year. USD/JPY was down 0.64% at 111.94 by 02:58 AM ET (07:58 AM GMT) from a low […]
Gold prices fell on Tuesday, retreating further from last week’s three-and-a-half month highs as the dollar strengthened against the euro and as investors continued to bet on further rate hikes by the Federal Reserve this year. Comex gold futures were trading at $1,314.90 a troy ounce by 04:04 AM ET (09:04 AM GMT), down around $5.50 or […]
The yen strengthened broadly on Tuesday after the Bank of Japan trimmed the size of its bond purchases, sparking speculation that it may slow its monetary stimulus later this year. USD/JPY was down 0.35% at 112.72 by 02:38 AM ET (07:38 AM GMT) from 112.50 earlier. The move higher in the yen came after the BoJ […]
Gold prices fell on Monday as the stronger dollar weighed after Friday’s weaker-than-expected U.S. jobs report did little to alter expectations for further Federal Reserve rate hikes this year. Comex gold futures were trading at $1,317.00 a troy ounce by 03:54 AM ET (08:54 AM GMT). Prices of the precious metal were pressured lower as the dollar […]
The dollar moved higher against a basket of the other major currencies on Monday after data showing that U.S. job growth cooled in December did little to alter expectations for further Federal Reserve rate hikes this year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.25% […]
Gold prices pulled back from a four-month peak on Friday, as the U.S. dollar regained some ground ahead of the release of U.S. employment data due later in the day. Comex gold futures were down 0.15% at $1,319.50 a troy ounce by 09:00 a.m. ET (13:00 GMT), off the previous session’s four-month peak of $1,327.20. The greenback […]
The dollar edged higher against other major currencies on Friday, as investors were eyeing the release of highly-anticipated U.S. employment data due later in the day. The greenback came under pressure after the release of mixed U.S. economic reports on Thursday. Payrolls processor ADP reported on Thursday that U.S. private employers added 250,000 jobs in December, well […]
Crude oil prices continued to climb to multi-year highs on Thursday, amid ongoing tensions in Iran and as traders were eyeing the release of U.S. crude inventory data due later in the day. The U.S. West Texas Intermediate crude February contract was up 26 cents or about 0.42% at $61.89 a barrel by 04:00 a.m. ET (08:00 […]
