Tag Archives: USD

Oil prices edged higher on Thursday as intensifying military exchanges between Russia and Ukraine overshadowed concerns over rising U.S. crude inventories. The geopolitical tensions bolstered market uncertainty, keeping prices elevated despite bearish supply data from the United States. Brent crude futures rose 1.3% to $73.77 per barrel by 10:17 GMT, …

Oil prices held steady for a second consecutive day on Wednesday as geopolitical tensions from the Ukraine war balanced against signs of stronger crude imports from China and a rise in U.S. crude stockpiles. Brent crude futures for January delivery edged up by $0.11 to trade at $73.42 per barrel …

Oil prices edged lower in early Asian trading on Tuesday, stabilizing after significant gains in the prior session. The decline followed concerns about global demand and a potential supply glut, despite the market’s reaction to recent supply disruptions and geopolitical tensions. Modest Decline in Oil Futures Brent crude futures for …

Oil prices saw a slight uptick on Monday as intensifying conflict between Russia and Ukraine over the weekend raised supply worries, although market gains were capped by concerns about fuel demand in China and expectations of a global oil surplus. By 0502 GMT, Brent crude futures increased by 29 cents, …

Easing labour market conditions are expected to encourage the Fed to deliver a third interest rate cut next month, even as progress in lowering inflation has stalled. Markets now see a 76% probability of a 25-basis-point rate cut by the Fed in December. Gold has plunged over $170 following the …

U.S. Dollar Surges to One-Year High Amid Rising Yields and Trump’s Economic Policy Expectations 4o The U.S. dollar maintained its strong upward momentum on Thursday, reaching a one-year high against a basket of major currencies, driven by rising Treasury yields and optimism following Donald Trump’s presidential election victory. The dollar …

Oil prices declined in early trading on Thursday, erasing much of the previous session’s gains due to a stronger dollar and ongoing worries about higher global oil output against a backdrop of slow demand growth forecasts. Brent crude futures fell by 45 cents, or 0.6%, to $71.83 a barrel at …

The Euro has continued its downward trajectory, plunging below the 1.0600 level against the US Dollar on Wednesday. This marks a significant decline and a new year-long low for the Euro, highlighting the growing disparity between the two major currencies. A brief respite from the Euro’s weakness was observed following …

Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, …

The U.S. dollar continued to strengthen on Wednesday, reaching a new six-and-a-half-month high against a basket of major currencies. This rally has been propelled by anticipation of economic policies from President-elect Donald Trump, including lower taxes, increased tariffs, and deregulation, all of which are expected to fuel inflation and possibly …