Pound hits more than two-year high, dollar back under pressure
By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) -The pound climbed to its strongest level against the U.S. dollar in more than two years on Tuesday and other major currencies…
Gold remains in ‘a very strong bull phase’, Alamos Gold CEO tells Investing.com
Gold continues to shine. The yellow metal recently surged above the $2,500 mark, and industry leaders have expressed strong confidence in its enduring bull market. In an exclusive interview with…
Oil prices hand back some recent gains; Libya output in focus
Investing.com– Oil prices fell Tuesday, cooling after a strong rebound in recent sessions with traders seeking more cues on production disruptions in Libya and a wider war in the Middle…
Argentine farmers eye pivot to soy on corn plague fears, rain outlook
By Maximilian Heath BUENOS AIRES (Reuters) – Argentine farmers are likely to plant more soybeans in the current 2024/25 season, trimming the area dedicated to corn after that crop’s last…
Bullish euro momentum, buy EUR/SEK – BoA
Investing.com – The euro is benefiting from bullish momentum at the moment, according to Bank of America Securities, and this looks likely to continue. In August, the U.S. dollar selloff…
Morning Bid: Pre-Nvidia hesitation obscures record high
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks are back just shy of new record highs, lapping up the likely start…
Citi discusses USD/JPY outlook amid LDP election uncertainty
Citi released a statement addressing the potential outcomes of the Liberal Democratic Party (LDP) presidential election in Japan and their impact on the USD/JPY currency pair. The financial services company…
EUR/USD to grind higher to above 1.15 in 2025: UBS
On Tuesday, UBS indicated that a slowing U.S. economy could lead to a weaker U.S. dollar as the Federal Reserve may start to ease monetary policy. For investors, UBS sees…
Dollar steady near recent lows; labor market data key
Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday supported to a degree by raised geopolitical tensions, but remained near recent lows as interest rate cuts…
Once-acquisitive Chinese oil giant looks to revive global dealmaking
By Chen Aizhu SINGAPORE (Reuters) – CNPC, Asia’s top oil producer, is reviewing its global strategy as it looks to revive dealmaking, eyeing gas liquefaction and deepsea drilling as well…
