The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen has dominated the currency markets this month, surging to a near three-month high of 151.945 per dollar…
The dollar edged higher on Tuesday and major currencies traded sideways as lingering concerns over tensions in the Middle East partially offset investors’ optimism for imminent U.S. interest rate cuts. Geopolitical risks kept early currency moves subdued, though fears of an escalating conflict following Israel and Hezbollah’s major missile exchange over the weekend petered out….
European markets opened mixed on Thursday as investors process a raft of central bank action. The pan-European Stoxx 600 index was 0.05% lower in early deals, with sectors and major bourses across the region trading diverging. Media and chemicals stocks were both down 0.82% while mining stocks were up 0.5%. The Bank of England announces…
Oil prices continued their rally after the United States seized a sanctioned tanker off the coast of Venezuela, sparking concerns about supply disruptions and escalating geopolitical tensions. WTI for January delivery rose about 0.6% to around $58.79 per barrel in Asia, while Brent for February held above $62.21 per barrel. The seizure of this super-large…
Harga minyak naik pada hari Selasa (12/8) karena Amerika Serikat dan Tiongkok memperpanjang jeda tarif yang lebih tinggi, meredakan kekhawatiran bahwa eskalasi perang dagang mereka akan mengganggu perekonomian mereka dan menghambat permintaan bahan bakar di dua konsumen minyak terbesar dunia. Harga minyak mentah Brent berjangka naik 26 sen, atau 0,39%, menjadi $66,89 per barel pada…
The dollar rose broadly on Wednesday and stood near a two-week high against its major peers, underpinned by a confluence of factors including elevated U.S. Treasury yields and a cautious turn in risk sentiment that weighed on Wall Street. Trading was thinned in Asia with Japan out on a holiday, and with investors still returning…
