By Tom Westbrook SINGAPORE (Reuters) – The dollar slipped to multi-week lows in Asian trading on Thursday after fresh reassurance that U.S. interest rate hikes are distant and as riskier currencies drew support from China’s efforts to soothe stock market jitters. About a month of dollar gains had already lost momentum leading in to Wednesday’s […]
By Aaron Sheldrick TOKYO (Reuters) – Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets. Brent crude futures were down 1 cent at $68.45 a barrel by 0701 GMT, having jumped […]
By Ritvik Carvalho LONDON (Reuters) – The dollar hit 4-1/2 month lows against a basket of peers on Tuesday, as softer-than-expected U.S. data and insistence from Federal Reserve officials that policy would stay pat allayed investor fears about inflation forcing interest rates higher. The British pound rose, inching back toward the three-month high it reached […]
By Kevin Buckland TOKYO (Reuters) – Bitcoin consolidated around $60,000 on Monday, taking a breather from the weekend’s record high as investors prepared for inflation worries and U.S. stimulus spending to propel it even higher. The world’s most popular cryptocurrency slipped as low as $58,956.90 early in the Asian session, falling from Saturday’s record high […]
By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields retreated further, restoring some calm to global markets and reigniting demand for riskier assets. Commodity-linked currencies including the Australian dollar and the Norwegian krone held on to sizeable two-day advances. The lower U.S. bond yields also sapped […]
(Reuters) – Barclays (LON:BARC) raised its 2021 oil price forecast on Thursday, citing weaker than expected supply response from U.S. producers to higher prices and normalizing inventories after last week’s cold storm in Texas. The bank increased its 2021 Brent crude oil price outlook by $7 to $62 per barrel and West Texas Intermediate (WTI) […]
By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar languished near three-year lows versus riskier currencies on Thursday as continued dovish signals from the Federal Reserve stoked reflation bets. The greenback sank to fresh lows against the Australian and Canadian dollars, and held near lows set overnight against its British and New Zealand peers. […]
By Jennifer Hiller HOUSTON (Reuters) – The U.S. deep freeze will wreak havoc on oil and gas production for several days if not weeks, according to industry experts, as companies deal with frozen equipment and a lack of power to run operations. Texas produces more oil and natural gas than any other U.S. state, and […]
By Hideyuki Sano TOKYO (Reuters) – The dollar held the upper hand against low-yielding currencies on Wednesday, hitting a five-month high against the yen as U.S. bond yields jumped on the prospects of further economic recovery and a possible acceleration in inflation. Bitcoin traded just below the $50,000 mark, a day after the cryptocurrency hit […]
By Tom Westbrook SINGAPORE (Reuters) – The dollar fell to a three-week low on Tuesday, sterling hit an almost three-year high and commodity currencies rose as vaccination progress added to investors’ recovery hopes. The buoyant mood, and a sell-off in U.S. Treasuries, also dragged on the safe-haven Japanese yen, which fell through its 200-day moving […]
