South African rand extends losses on concerns over unity government obstacles
JOHANNESBURG (Reuters) – The South African rand extended losses early on Tuesday on concerns over future challenges for the government of national unity (GNU) and after trading turbulently on Monday…
Politics Drive US Dollar. Forecast as of 02.07.2024
When one party controls Congress and the White House, it is called a sweep and allows it to enact reforms quickly. In this respect, the Republican victory in the elections…
US yields boost dollar and leave yen dazed at 38-year low
By Tom Westbrook SINGAPORE (Reuters) -The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China’s yuan and Japan’s yen, which…
Japan’s fin min affirms FX vigilance but avoids intervention warning
By Makiko Yamazaki TOKYO (Reuters) -Japan’s finance minister said on Tuesday authorities were vigilant to sharp currency market moves, as the yen continued its slump to fresh 38-year lows against…
Gold prices tick lower with Powell, payrolls in focus; copper weak
Investing.com– Gold prices fell slightly in Asian trade on Tuesday, remaining in a tight trading range as anticipation of a slew of cues on U.S. interest rates kept traders largely…
Oil trades near two-month high on summer demand outlook, possible rate cut
By Mohi Narayan and Colleen Howe BEIJING (Reuters) -Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel…
Asia FX muted as dollar steadies ahead of rate cues; yen weakens further
Investing.com– Most Asian currencies weakened slightly on Tuesday as the dollar recovered from recent losses before a barrage of cues on interest rates, while the Japanese yen weakened further into…
Fire at Alberta gas metering station prompts temporary highway closure
(Reuters) – A fire that prompted temporary closure of a major highway near Edson town, Canada, on Monday involved a gas metering station, said Yellowhead County in northern Alberta. There…
Oil holds near two-month high on higher demand outlook, possible rate cut
By Colleen Howe BEIJING (Reuters) – Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from…
Oil prices steady amid summer demand hopes, supply risks
Investing.com– Oil prices steadied in Asian trade on Tuesday after running up sharply in recent sessions as traders bet on increased demand during the Independence Day holiday and potential supply…
