Gold eases from 4-month peak as dollar fights back

Gold eases from 4-month peak as dollar fights back

Gold eases from 4-month peak as dollar fights back LONDON: Gold fell on Tuesday from the previous day’s four-month high, reflecting losses across precious metals and commodities more widely, as the dollar clawed back some lost ground after hitting a...
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Dollar extends losses vs yen after BoJ tapering talk

Dollar extends losses vs yen after BoJ tapering talk

Dollar extends losses vs yen after BoJ tapering talk TOKYO: The dollar extended losses against the yen on Wednesday after the Bank of Japan’s move to trim Japanese government bond (JGB) purchases in the previous session triggered speculation that it...
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Dollar index hits 1-week high as euro falters

Dollar index hits 1-week high as euro falters

NEW YORK: The dollar hit a more than one-week high against a basket of other major currencies on Monday, helped by a pullback in the euro as investors took profits after the common currency’s recent rally. The dollar index, which...
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Euro takes breather after rally; dollar holds steady

Euro takes breather after rally; dollar holds steady

SINGAPORE: The euro eased on Wednesday to take a breather from a rally prompted by optimism over the euro zone’s economy and expectations the European Central Bank will wind down its bond-buying stimulus in 2018. The euro slipped 0.1 percent...
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China’s yuan weakens after strong official fixing

China’s yuan weakens after strong official fixing

SHANGHAI: China’s yuan eased against the US dollar on Wednesday after the central bank set the daily midpoint at its strongest level in 20 months, prompting a rush of dollar buying by corporate. Prior to market opening on Wednesday, the...
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Palm oil edges up on slowing  production outlook

Palm oil edges up on slowing production outlook

KUALA LUMPUR: Malaysian palm oil futures edged up in early trade on Wednesday, as expectations of lower production in December and easing weakness in export demand supported the market. The benchmark palm oil contract for March delivery on the Bursa...
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Dollar firm on tax cut hopes, euro underpinned by rise in yields

Dollar firm on tax cut hopes, euro underpinned by rise in yields

  TOKYO/SINGAPORE: The dollar was supported on Wednesday by expectations of a US tax overhaul while a sharp rise in German bond yields helped to underpin the euro. The House of Representatives approved the biggest US tax overhaul in 30...
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Dollar dips against yen; bitcoin surges again

Dollar dips against yen; bitcoin surges again

  LONDON: The dollar slipped to a nine-day low against the yen on Friday, after wrangling in the United States Congress over a bill to change the tax code dented confidence that the reforms would be pushed through in their...
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Gold heads to first weekly gain in 4 weeks after Fed rate hike

Gold heads to first weekly gain in 4 weeks after Fed rate hike

  NEW YORK/LONDON: Gold prices clung to earlier gains and were poised for their first weekly gain in four weeks on Friday, withstanding pressure from strong equities markets on continued support from this week’s interest rate rise by the Federal...
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Oil hovers below  2-year highs with  focus on US output

Oil hovers below 2-year highs with focus on US output

  NEW YORK: Oil prices were mixed on Friday, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing U.S. output and weak gasoline demand kept a lid on gains. Brent crude futures...
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Dollar dips from 4-week high after Alabama election upset

Dollar dips from 4-week high after Alabama election upset

TOKYO: The dollar slipped from a four-week high against a basket of currencies on Wednesday after a Democrat won a bitter fight for a U.S. Senate seat in deeply conservative Alabama, reducing Republicans’ already narrow Senate majority further. The reduc...
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