Oil prices rose on Tuesday (December 29th) as investors took the risk of supporting the United States’ move to increase aid payments linked to the pandemic, which could increase demand for fuel and spur economic growth. Brent crude rose 72 cents, equivalent to 1.4%, to $51.58 a barrel, while US …

The Turkish lira rose by nearly 1% against the dollar to its highest level since September 3, continuing the gains that followed the country’s central bank hike of the main interest rate last week. The lira stood at 7.38 against the US Dollar in lackluster trading due to year-end holidays, …

European stocks extended their year-end gains on Tuesday, December 29, as global growth prospects were boosted by a post-Brexit trade deal and hopes of an increase in the US stimulus package and the race among the EU countries for COVID-19 vaccine. The Euro Stoxx 600 index rose by 0.8% at …

While the House of Representatives escalated the bill in favour of a higher relief fund but rejected Trump’s bid, all this has been in the interests of risks in Asia so far, which has pushed the US dollar index down to 90.10, down 0.21%. Markets are watching the US Senate …

The AUD/USD pair surged during the Asian session and remained near the upper end of the daily range just below 0.7600. After pulling back from week highs, the pair managed to regain positivity with support from the US dollar selling as additional stimulus progressed from the US. the House of …

The Securities and Exchange Commission (SEC) has accused Ripple Labs Inc. of unlawful issuance of securities in the form of sales for XRP (XRPUSD), by selling more than $1 billion of the virtual tokens without registering with the agency. Later, Coinbase announced that it will halt all XRP trading starting …

The dollar was not affected much after US President Donald Trump did not implement his threat to block an aid package for those affected by Covid-19 amid weak trading Monday due to holidays. The pound sterling hovered below its highest level in two and a half years in Asian trading, …

Gold prices rose on Tuesday, December 29th, buoyed by the dollar’s decline, as investors’ eyes turned to the US Senate vote on an increase in aid linked to the pandemic, but rising Asian stocks limited the gains. This rose gold in immediate transactions 0.4% to 1877.66 dollars an ounce. The …

The House of Representatives voted Monday to repeal President Donald Trump’s veto against an annual defence spending bill and put the final steps to challenge the Republican president in the hands of the Republican-led Senate. Senate Majority Leader Mitch McConnell said his House would vote to override the veto on …

The House of Representatives voted Monday to repeal President Donald Trump’s veto against an annual defence spending bill and put the final steps to challenge the Republican president in the hands of the Republican-led Senate. Senate Majority Leader Mitch McConnell said his House would vote to override the veto on …