Gold prices held firm on Tuesday, buoyed by a weaker dollar, while investors waited for US inflation data for clues on the pace of interest rate hikes. Spot gold was mostly unchanged at $1,322.82 an ounce, as of 0234 GMT. On Monday, it rose 0.5 percent in its biggest one-day...
TOKYO: The dollar retreated on Tuesday as global equity markets showed some signs of stability after their recent rout, reviving risk appetite that has fuelled bets against the US currency on prospects of its narrowing interest rate advantage. Still, many market players are not convinced the worst is over, with...
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...
NEW YORK: The US dollar index reversed course on Tuesday, erasing most of the gains it made earlier in the session as Wall Street came off its lows in choppy trading a day after the Dow and S&P 500 stock indexes posted their biggest declines since August 2011. The dollar...
LONDON: The US dollar slipped on Tuesday after earlier gaining when investors had dumped riskier assets for the relative safety of the greenback, but currency markets were generally calm compared with the rout in equity markets. The sell-off across world stock markets sent investors rushing into the dollar on Monday,...
Dollar nurses losses but set for big monthly drop; franc slips LONDON: The dollar consolidated losses against a basket of currencies on Monday as US bond yields rose but traders were cautious on the broader outlook as recent strong data has not changed expectations about the path of US interest...
Euro nears recent 3-year high on dollar weakness LONDON: The euro rose a third of a percent on Monday on expectations the European Central Bank will maintain its current monetary policy at a meeting this week and not signal a dovish tilt. Dollar weakness, exacerbated by a US government shutdown and...
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 three-year low against a currency basket. Gold's move lower snapped four...
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 could begin tapering its massive, ultra-easy monetary stimulus. Despite some support...
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 measures the greenback against six rival currencies, was up 0.37...
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 to $1.2048. The currency hit a four-month high of $1.2081...