Home Money & Commodities

Money & Commodities

LONDON: The euro fell towards a two-month low on Tuesday before a meeting by the European Commission on Italy's budget that could see Brussels take the unprecedented step of rejecting it and demanding changes. A dispute over Italy's spending plans and doubts about the leadership of Britain's prime minister, mired...
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...
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...
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...
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...
LONDON: The dollar steadied on Monday as risk sentiment improved following reassuring Federal Reserve comments and signs U.S. and Mexican negotiators were homing in on a common position on the North American Free Trade Agreement (NAFTA). At a symposium at Jackson Hole, Wyoming, Fed chair Jerome Powell on Friday emphasised...
LONDON: The dollar edged towards a one-year high on Monday as trade war rhetoric between the United States and its trading partners helped the US currency. Chinese stocks slumped nearly 2 percent as Beijing proposing tariffs on $60 billion worth of US goods on Friday, while a senior Chinese diplomat...
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...
TOKYO: The US dollar seesawed against the Japanese yen on Tuesday after the Bank of Japan made small tweaks to its policy rather than more drastic changes that some traders had expected. The dollar briefly dropped to 110.75 yen before jumping to a one-week high of 111.44 yen, gaining about...
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...
NEW YORK: The dollar steadied against a basket of currencies on Tuesday as data showed US consumer prices rose in May, matching analysts' forecasts and reinforcing the view the Federal Reserve would raise short-term interest rates gradually. US consumer prices rose marginally in May amid a slowdown in the pace...