By Thomas Escritt BERLIN (Reuters) – For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War. But a new pipeline that will carry gas direct from Russia under the Baltic Sea to Germany is doing rather less for friendship, driving a […]
The pound slumped to its lowest level since early September on Monday after amid mounting worries over Brexit after Britain’s international trade secretary warned that a no-deal Brexit was now more likely than not. GBP/USD hit a low of 1.2956, its weakest level since September 4 was down 0.31% to 1.2962 by 05:24 AM ET […]
Gold prices traded lower while the dollar was little changed ahead of the U.S. July job reports due later in the day. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell by $4.0, or 0.33%, to $1,216.10 a troy ounce by 1:40AM ET (05:40 GMT). The dollar was little changed as traders […]
TOKYO (Reuters) – Japan’s latest tweak to its ultra-easy monetary policy settings has nudged its bond yields higher but not nearly enough to entice hundreds of billions of dollars worth of Japanese investment in overseas debt to return home. At this week’s policy review, the Bank of Japan (BOJ) signaled a greater tolerance for higher […]
Gold prices slipped on Thursday after the dollar steadied after the Federal Reserve concluded a two-days policy meeting and gave an upbeat assessment on the U.S. economy. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell by $0.6, or 0.06%, to $1,227.00 a troy ounce by 1:40AM ET (05:40 GMT). The Fed […]
LONDON (Reuters) – The dollar rallied on Thursday as the Federal Reserve’s upbeat assessment of the economy combined with a flare-up in the trade tensions between the United States and China to boost demand for the U.S. currency. The euro fell to a one-week low as the dollar gained in early European trading. The escalation […]
