ISTANBUL (Reuters) – The Turkish lira weakened sharply against the dollar on Wednesday, bringing its losses to some 20 percent this year, as investors pushed it to fresh record lows on growing concern about President Tayyip Erdogan’s influence on monetary policy. At 0724 GMT, the lira stood at 4.7642 against the U.S. currency, paring its […]
Gold prices fell to one week lows on Tuesday as rising U.S. Treasury yields dampened investor demand for the precious metal. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.60 or 0.58% to $1,310.60 a troy ounce by 03:59 AM ET (07:59 AM GMT), the lowest […]
The U.S. dollar edged higher on Tuesday, pulling away from more than one week lows as indications that global trade tensions are easing helped push U.S. Treasury yields back above the key 3% level. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up 0.04% to 92.60 […]
The dollar edged lower against a basket of the other major currencies on Monday after its recent rally to multi-month highs stalled amid diminished expectations for an aggressive pace of monetary tightening by the Federal Reserve this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]
Crude prices edged higher in early action on Wednesday, bouncing back from the prior session’s losses as investors looked ahead to fresh weekly data on U.S. commercial crude inventories to gauge the strength of demand in the world’s largest oil consumer and how fast output levels will continue to rise. The U.S. Energy Information Administration […]
The dollar eased, but remained supported close to four-month highs against a currency basket on Wednesday ahead of a Federal Reserve meeting that is expected to point to another two or possibly even three rate hikes this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]
Gold prices rebounded from two-month lows on Wednesday as the dollar pulled away from multi-month highs amid profit taking ahead of the conclusion of the Federal Reserve policy meeting later in the day. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $4.10 or 0.31% to $1,310.90 […]
