EU Commission says no new EU country ready to join the euro
BRUSSELS (Reuters) – The European Commission said on Wednesday that none of the six European Union countries that do not yet use the euro currency meet the criteria to become…
Oil rises on inventory drawdown outlook, Middle East risks
By Alex Lawler and Arunima Kumar LONDON (Reuters) -Oil prices inched up on Wednesday nearing their highest level in almost two months, driven by forecasts for an eventual inventory drawdown…
Morning Bid: Rate angst creeps back; yuan, yen weaken anew
A look at the day ahead in U.S. and global markets from Mike Dolan In a year supposedly filled with central bank interest rate cuts around the world, the prospect…
U.S. crude imports touch two-year high despite lukewarm demand
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to…
Goldman Sachs: Brent oil prices “at our summer peak”
Investing.com — Brent crude prices have touched their “summer peak” of $86 per barrel, according to projections from analysts at Goldman Sachs. In a note to clients, the analysts noted…
Aussie dollar jumps on inflation spike, while yen stays under pressure
By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) -The Australian dollar rallied after a surprise jump in inflation on Wednesday raised the prospect of another rate hike, while the U.S.…
Dollar rises on hawkish Fed talk; key inflation data looms
Investing.com – The U.S. dollar rose Wednesday, boosted by hawkish comments from Fed officials, while slipping consumer confidence weighed on the euro. At 03:35 ET (08:35 GMT), the Dollar Index,…
Oil steadies on inventory drawdown outlook, Middle East risks
By Alex Lawler LONDON (Reuters) -Oil steadied on Wednesday close to the highest level in almost two months, driven by forecasts of an eventual inventory drawdown during the third quarter…
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…
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…
