Dollar steadies after cool inflation; sterling slips on weak growth data
Investing.com – The US dollar steadied Thursday after the prior session’s losses in the wake of cooler inflation, while sterling slipped lower following the release of weak growth data. At…
Dollar steadies ahead of Trump inauguration, yen rises before BOJ meeting
By Tom Westbrook SINGAPORE (Reuters) -The dollar steadied on Thursday, after dipping alongside cooling U.S. inflation and falling bond yields, while the yen hit a one-month high on rising bets…
Silver “won’t lose its luster long-term” despite economic headwinds, BofA says
Investing.com – Silver prices could see headwinds in the near term due to broader economic uncertainty, although the metal has received support from global consumption outpacing supply, according to analysts at…
Dollar steadies, yen gains ahead of BOJ meeting
By Tom Westbrook SINGAPORE (Reuters) -The dollar steadied on Thursday, after dipping alongside cooling U.S. inflation and falling bond yields, while the yen hit a one-month high on rising bets…
Gold prices hit 1-mth high after soft CPI data dents dollar
Investing.com– Gold prices rose to a one-month high in Asian trade on Thursday, tracking a drop in the dollar and Treasury yields as mildly softer consumer inflation data spurred bets…
Oil rises as US inventory decline heightens supply concerns
By Siyi Liu SINGAPORE (Reuters) -Oil prices gained for a second session on Thursday, supported by worries over supply amid U.S. sanctions on Russia, a larger-than-forecast fall in U.S. crude…
Trump’s US Treasury pick Bessent says dollar must remain world’s reserve currency
By David Lawder and Lawrence Delevingne WASHINGTON (Reuters) -Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Wednesday vowed to ensure that the dollar remains the…
Asia FX: Yen surges on BOJ rate hike bets; won unchanged after BOK hold
Investing.com– Most Asian currencies firmed slightly on Thursday, while the dollar retreated as mildly softer U.S. inflation data fueled expectations of lower interest rates. Among major regional movers, the South…
Marine fuel sales at Singapore bunker hub hit record highs in 2024
This post is originally published on INVESTING.
Oil prices extend rally on soft US inflation, concerns of tightening global supply
Investing.com– Oil prices rose in Asian trade on Thursday after hitting multi-month peaks in the previous session, driven by a combination of softer U.S. inflation data, new sanctions on Russian…
