Analysis-Politics and the pound: how the UK election could make or break sterling’s run
By Naomi Rovnick, Alun John and Dhara Ranasinghe LONDON (Reuters) – Britain’s pound has bounced ahead of an expected landslide election win for the opposition Labour Party but the currency’s…
Oil ticks up on inventory drawdown outlook, Middle East risks
By Trixie Yap SINGAPORE (Reuters) -Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopolitical risks from the Middle East conflict…
Factbox-Sterling’s importance to global currency markets
LONDON (Reuters) – Sterling has faced its share of trials and tribulations in recent decades but remains a widely used currency, and, this year, it has held up better against…
Aussie supported after inflation spike, but yuan and yen suffer
By Tom Westbrook SINGAPORE (Reuters) -The Australian dollar rallied on a surprise jump in inflation on Wednesday, while the U.S. dollar kept downward pressure on the yen and yuan as…
Australian Watchdog Steps Up Oversight of Financial Advisers and Traders
The Australian Securities and Investments Commission (ASIC) has issued a reminder to Australian Financial Services (AFS) licensees about upcoming notification requirements for the experienced provider pathway for financial advisers. Dedicated…
Gold prices dip as dollar steadies with eyes on inflation
Investing.com– Gold prices fell slightly in Asian trade on Wednesday, extending losses from the prior session as traders remained largely biased towards the dollar in anticipation of key U.S. inflation…
Asia FX weakens as dollar steadies; yen back near intervention range
Investing.com– Most Asian currencies weakened on Wednesday as anticipation of key U.S. inflation data saw traders largely favor the dollar, with the Japanese yen coming close to levels that had…
Oil prices edge lower amid demand uncertainty, US inventory build
Investing.com– Oil prices fell slightly in Asian trade on Wednesday, extending steep losses from the prior session amid lingering doubts over global demand, especially as data pointed to an unexpected…
