(Bloomberg) — What was meant to be a summer party for coal is quickly turning into something more of a hangover. Even with China’s peak demand season in full swing as hot weather boosts air-conditioning use, benchmark spot prices are on course for their first monthly loss in three, and futures on the Zhengzhou Commodity […]
TOKYO (Reuters) – Oil prices rose on Monday with U.S. benchmark WTI moving higher after four weeks of declines, but gains were limited as the fallout from trade tensions weighed on markets. Brent crude futures rose 13 cents, or 0.2 percent, to $74.42 by 0638 GMT, after trading lower most of the Asian session. Brent […]
Gold prices edged lower while the dollar was little changed on Monday as market participants awaited key central bank meetings due later this week. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $3.50, or 0.3%, to $1,219.60 a troy ounce by 1:40AM ET (05:40 GMT). The dollar remained […]
LONDON (Reuters) – Major currencies stuck to familiar ranges on Monday as investors shied away from taking out big positions ahead of a flurry of crucial economic data and central bank monetary policy meetings this week. With the Bank of Japan ending a two-day meeting on Tuesday, the Federal Reserve concluding its meeting on Wednesday […]
Gold prices eased on Thursday as immediate global trade tension eased U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers. Gold Futures for August delivery on the Comex division of the New York Mercantile Exchangeis was down 0.2% to a trading price of $1,229.90 each troy ounce at 1:30AM ET (05:30 GMT). U.S. President […]
LONDON (Reuters) – Brent crude prices rose on Thursday after Saudi Arabia suspended its oil shipments through a key Red Sea strait in response to an attack on two of its tankers and as data showed U.S. inventories fell to a 3-1/2 year low. Brent crude futures had risen 55 cents to $74.48 a barrel by 0832 […]
The dollar was steady against a currency basket on Thursday as the U.S. and the European Union stepped back from a trade war, while the euro was little changed ahead of the European Central Bank’s latest policy announcement later in the day. The U.S. dollar index, which measures the greenback’s strength against a basket of […]
The dollar was broadly lower on Monday following comments by U.S. President Donald Trump on interest rates and the currency’s strength, while the yen gained after reports that Japan’s central bank is debating moves to scale back its massive stimulus program. The U.S. dollar index, which measures the greenback’s strength against a basket of six […]
The dollar was trading at three week lows against a currency basket on Monday after the latest U.S. jobs report pointed to sluggish wage growth, while the pound shrugged off the shock resignation of UK Brexit secretary David Davis. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, […]
The dollar slipped lower against a basket of the other major currencies on Wednesday, as concerns over heightened trade tensions continued to weigh on market sentiment. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, slipped 0.11% to 94.26 by 03:19 AM ET (07:19 AM GMT), after gaining […]
