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...
  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 Reserve. Spot gold was up 0.19 percent at $1,255.12 per ounce...
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...
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...
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...
LONDON: The dollar paused after three consecutive weeks of gains as investors took profits before U.S. midterm elections this week that may fuel a bout of volatility for global markets, with the British pound leading gains on Brexit deal breakthrough hopes. Notwithstanding a dollar selloff in the second half of...
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,...
LONDON: Gold rose on Monday as a softer dollar helped the metal rebound from its biggest weekly loss this year, while traders awaited Federal Reserve Chair Jerome Powell's debut congressional testimony this week for clues on the next direction of trade. The dollar index slid 0.4 percent on Monday, lifting...
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 Malaysia Derivatives Exchange rose 0.3 percent to 2,529 ringgit ($620.92)...
LONDON: The dollar rallied to a 16-month high on Monday as investors positioned for a Federal Reserve interest rate rise next month and concern about political risks in Europe put pressure on the euro and the pound. The dollar fell last week on the belief that losses for U.S. President...
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...