MOSCOW: The Russian rouble eased on Wednesday as strong US industrial production data boosted the US dollar and investors' confidence in dollar assets. At 0743 GMT, the rouble was 0.2 percent weaker against the dollar at 65.45 and had lost 0.06 percent to trade at 75.66 versus the euro. As data...
KUALA LUMPUR: Malaysian palm oil futures rose to a one-week high on Wednesday evening, supported by gains in rival edible oils. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.6 percent at 2,485 ringgit ($636.04) a tonne at the close. It earlier...
KUALA LUMPUR: Malaysian palm oil futures edged down in early trade on Wednesday, as the ringgit strengthened further and hit its highest in nearly two years. The Malaysian currency rose as much as 0.53 percent against the dollar to 3.8550, its highest since April 2016, bolstered by high oil prices...
NEW YORK: The dollar fell against a basket of currencies on Monday, on persistent worries about a potential trade conflict between the United States and China and as the euro rose following comments from European Central Bank President Mario Draghi that were deemed supportive of the common currency. The dollar...
BENGALURU: Gold prices rose on Monday as the dollar eased amid renewed concerns over a trade war after China imposed additional tariffs on US products in response to US duties on imports of aluminium and steel. After falling in the past three trading sessions, spot gold edged up 0.5 percent...
BENGALURU: Gold prices were steady on Tuesday within a tight range as investors adopted a wait-and-watch approach ahead of a two-day monetary policy meeting of the US Federal Reserve. Spot gold was up about 0.1 percent at $1,222.15 an ounce at 0705 GMT while US gold futures were 0.1 percent...
LONDON: Switzerland's gold exports to China hit their highest in more than a year in January, Swiss customs data showed on Tuesday, while shipments to India slid to their lowest since September. Switzerland, a major trading, vaulting and refining centre for precious metals, said its net gold imports rose to...
  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 current state. Web-based cryptocurrency bitcoin stole the spotlight once again, surging...
NEW YORK: The US dollar surged into positive territory for 2018 on Tuesday and broke past key levels against several currencies as a divergence between growth and the interest rate outlook versus other countries spurred investors to chase the currency higher. The dollar, traded against a basket of major currencies,...
LONDON: The dollar consolidated above the 92.50 line on Friday against a basket of its rivals, rounding off a third week of solid gains as widening interest rate differentials supported the greenback. With the US Federal Reserve staying the course in looking to raise interest rates at least three more...
NEW YORK: The U.S. dollar eased back from earlier losses but still remained broadly lower against other major currencies on Monday. The greenback was lower ahead of Fed Chair Jerome Powell's first Congressional testimony on Tuesday and Thursday. Investors will be listening closely to his views on the state of...