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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...
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,...
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...
LONDON: Gold retreated on Monday, erasing the previous session's slim gains as fading concern over potential escalation in the trade stand-off between China and the United States sparked a recovery in cyclical assets such as stocks at bullion's expense. Gold rose half a percent on Friday as simmering worries over...
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 US dollar rose to its highest level this year against a basket of currencies on Tuesday due to worries about political turmoil in Italy before paring some gains on a US decision to withdraw from the international nuclear deal with Iran. The dollar's run-up stalled ahead of...
NEW YORK: The US dollar rallied against a basket of major currencies on Tuesday to its highest since December, helped by a rise in US Treasury yields and as data showed US retail sales increased moderately in April. The dollar index, which measures the greenback against a basket of six...
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...
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...