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Dollar steadies as Fed cautions on inflation

KEY POINTS The U.S. dollar held firm on Monday following last week’s bruising dive as Federal Reserve Governor Christopher Waller said that the central bank was not softening its fight against inflation. A slightly cooler-than-anticipated inflation data on Thursday sent the greenback on a tailspin, with the dollar index sliding 3.6% over two sessions last …

Dollar steadies as Fed cautions on inflation قراءة المزيد »

Oil prices steady as supply woes offset recession fears

KEY POINTS Oil prices were little changed early on Tuesday as supply worries offset recession fears and China’s commitment to its zero-Covid policy. Brent crude rose 7 cents, or 0.1%, to $97.99 a barrel by 0155 GMT, while U.S. West Texas Intermediate (WTI) crude rose 7 cents, or 0.1%, to $91.86 a barrel. Oil prices …

Oil prices steady as supply woes offset recession fears قراءة المزيد »

Gold flat as investors seek direction from U.S. inflation data

KEY POINTS Gold prices were listless on Tuesday as investors held to the sidelines ahead of key U.S. inflation figures, which are likely to influence the Federal Reserve’s rate-hike narrative. Spot gold was flat at $1,675.29 per ounce, as of 0034 GMT. Bullion prices hit a three-week peak in the previous session, buoyed by a …

Gold flat as investors seek direction from U.S. inflation data قراءة المزيد »

Dollar gains as China sticks to stringent Covid policy, souring risk

KEY POINTS The dollar climbed on Monday as sentiment soured after China said it is sticking with its strict Covid restrictions, quashing hopes of an imminent reopening in the world’s second-largest economy which had earlier fired a broad rally in riskier assets. China said over the weekend that it will persevere with its “dynamic-clearing” approach …

Dollar gains as China sticks to stringent Covid policy, souring risk قراءة المزيد »

Oil prices slide as hopes for China demand rebound fade

KEY POINTS Oil prices fell more than $1 a barrel on Monday after Chinese officials on the weekend reiterated their commitment to a strict Covid containment approach, dashing hopes of an oil demand rebound at the world’s top crude importer. Brent crude futures dropped $1.20, or 1.2%, to $97.37 a barrel by 0227 GMT, after …

Oil prices slide as hopes for China demand rebound fade قراءة المزيد »

Gold retreats from three-week high as firmer dollar dulls appeal

KEY POINTS Gold prices slipped on Monday from a three-week high scaled in the previous session, as the U.S. dollar regained some ground, making greenback-priced bullion more expensive for holders of other currencies. Spot gold was down 0.6% at $1,670.29 per ounce, as of 0230 GMT. Bullion prices surged 3% on Friday as the dollar …

Gold retreats from three-week high as firmer dollar dulls appeal قراءة المزيد »

Dollar gains as traders gird for higher U.S. rates

KEY POINTS The dollar was on the front foot on Thursday after Federal Reserve Chair Jerome Powell signaled U.S. rates would likely rise further than expected, disappointing traders’ hopes for a change in tone, and shifting the focus to Friday’s jobs data. The dollar hit a week-high of $0.9810 per euro in early Asia trade …

Dollar gains as traders gird for higher U.S. rates قراءة المزيد »

Oil slips as dollar firms, but supply worries check losses

KEY POINTS Oil futures fell early on Thursday as the dollar firmed on the Federal Reserve’s hawkish stance, but concerns over looming supply risks kept a floor under prices. Brent crude shed 44 cents, or 0.5%, to $95.72 a barrel at 0146 GMT, while U.S. West Texas Intermediate (WTI) crude futures retreated 59 cents, or …

Oil slips as dollar firms, but supply worries check losses قراءة المزيد »

Oil climbs on demand hopes after big drawdown in U.S. crude stocks

KEY POINTS Oil prices rose in early trade on Wednesday after industry data showed a surprise drop in U.S. crude stockpiles, suggesting demand is holding up despite steep interest rate hikes dampening global growth. Brent crude futures picked up 17 cents, or 0.1%, to $94.82 a barrel at 0014 GMT, while U.S. West Texas Intermediate …

Oil climbs on demand hopes after big drawdown in U.S. crude stocks قراءة المزيد »

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