LONDON: The dollar consolidated gains on Wednesday as markets remained cautious about trade talks between the United States and Canada, as protracted weakness in China's currency weighed on sentiment. With market appetite for taking risk limited - an Asian equity index is down for the 10th consecutive day and emerging...
LONDON: Gold eased on Wednesday as a recovery in the dollar pulled prices further from the previous day's near six-week peak, though a drop in equities on the back of jitters over a US-China trade stand-off kept the metal underpinned. The dollar pulled back some lost ground after sliding to...
LONDON: Sterling gained slightly against the dollar and euro on Wednesday, helped by a report that Britain will propose a new solution for the Irish border dispute holding up Brexit talks. End-of-quarter flows by global asset and fund managers rebalancing their portfolios can distort markets, analysts said, cautioning that investors...
BENGALURU: Gold rose more than 1 percent on Monday to its highest in about 2-1/2 months as investors sought refuge after a slide in European equities compounded jitters on global stock markets. Spot gold was up 1.1 percent at $1,231.45 an ounce by 0958 GMT, having touched their highest since...
NEW YORK: The dollar fell for a second straight session on Monday in generally thin trading as China imposed extra tariffs on US products, escalating a dispute between the world's biggest economies. Volume was light as some European markets are closed for the Easter Monday holiday. "Broader market sentiment was dampened...
SINGAPORE: Palm oil may bounce into a range of 2,403-2,420 ringgit per tonne, as suggested by a projection analysis and the hourly RSI. The contract is riding on a wave c, which has been disrupted by two bounces around 2,367 ringgit and 2,347 ringgit, respectively the 107 percent and the...
SINGAPORE: The US dollar, usually seen as a safe haven in turbulent times, surprised some currency strategists on Thursday by losing ground after spooked investors drove US stocks to their worst fall in nearly eight months. The VIX, Wall Street's "fear index" measuring the stock market's expectation of volatility, rose...
NEW DELHI: India's oil imports from Iran surged to about 705,000 barrels per day (bpd) in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of fresh US sanctions. From June India's oil imports from Iran could drop because at least...
ISTANBUL: Turkey's lira and stocks rose on Monday on hopes of a thaw in relations between Ankara and Washington while a late rally last week on Wall Street offered little respite for other emerging market stocks, which hovered near 1-1/2-year lows. Emerging markets were under pressure on worries of the...
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...
ISTANBUL: The Turkish lira weakened 3 percent against the dollar on Monday after a week-long holiday, hit by persisting concern about a diplomatic rift with Washington over a detained U.S. pastor. The slide as local trading resumed left the lira down 38 percent lira this year, driven by worries over...