Oil prices stabilise after Golan Heights attack
By Emily Chow SINGAPORE (Reuters) -Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East following a rocket strike in the…
Yen holds steady ahead of BOJ and Fed policy decisions
By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) – The yen held steady on Monday, with sentiment still fragile following the Japanese currency’s best weekly rally since late April on…
Ethiopia’s birr drops 30% as central bank floats currency
By Dawit Endeshaw ADDIS ABABA (Reuters) -Ethiopia’s central bank on Monday removed restrictions on the foreign currency market, it said, a crucial step towards securing funding from the International Monetary…
Dollar backed ahead of Fed meeting; sterling retreats
Investing.com – The U.S. dollar edged higher in early European trade Monday, helped by a safe-haven bid as tensions rise in the Middle East, while sterling retreats ahead of this…
Ethiopia adopts market-based FX system, birr currency slides
By Dawit Endeshaw ADDIS ABABA (Reuters) -Ethiopia’s central bank on Monday removed restrictions on the foreign currency market, it said, a crucial step towards securing funding from the International Monetary…
Yen rises amid fragile sentiment ahead of BOJ, Fed decisions
By Kevin Buckland TOKYO (Reuters) -The yen strengthened on Monday, reversing earlier declines, as an escalation in Middle-East tensions rignited safe-haven demand for the Japanese currency. Tel Aviv is weighing…
Gold prices rise to near $2,400 with focus on Fed, rate cuts
Investing.com– Gold prices rose in Asian trade on Monday, recovering more ground from a rout through most of July as focus turned to an upcoming Federal Reserve meeting where the…
Oil gains on fears of wider Middle East conflict after rocket strike in Golan Heights
By Yuka Obayashi and Emily Chow (Reuters) -Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East following a rocket strike…
Ethiopia shifts to market-based foreign exchange system
ADDIS ABABA (Reuters) – Ethiopia’s central bank on Monday removed restrictions on the foreign currency market, it said, a crucial step towards securing funding from the International Monetary Fund and…
Asia FX firms as dollar dips with Fed, BOJ on tap
Investing.com– Most Asian currencies firmed on Monday, while the dollar retreated before a Federal Reserve meeting this week that is likely to yield more cues on the bank’s plans to…
