NEW YORK: Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the…
Category: Money & Commodities
Pakistan to import 300,000 tonnes of wheat to meet flour crises
ISLAMABAD: Pakistan on Monday approved the import of 300,000 tonnes of wheat to relieve a shortage…
Oil steady as sluggish China growth offsets trade deal optimism
SINGAPORE/TOKYO: Oil prices were steady on Friday as reports of sluggish economic growth in China, the…
Dollar weakens as US, China sign trade deal
NEW YORK: The dollar pared losses but remained lower against the euro and the yen on…
Gold jumps to near seven-year high on US-Iran tensions
WASHINGTON: Gold surged close to a seven-year peak on Monday, as investors flocked to the safe-haven…
Sterling sags as risk of no-deal Brexit back in focus
LONDON: Sterling was on track for its biggest daily loss in more than two weeks on…
Euro gains and sterling shines as growth optimism cheers investors
LONDON: The euro, the pound and a clutch of trade-sensitive currencies rallied as the dollar slid…
Dollar falls in thin trade on lower safe-haven demand
NEW YORK: Thin end-of-year volume on Monday exacerbated weakness in the U.S. dollar, which dipped for…
Dollar records best week in 1-1/2 months on strong data
NEW YORK: The dollar recorded its best week since early November after a series of strong…
Pound slumps as fears of hard Brexit resurface
LONDON: The British pound slumped against the U.S. dollar and the euro in early European trading…