Dollar holds firm at one-year high on Trump trade momentum
By Kevin Buckland TOKYO (Reuters) -The U.S. dollar stood at a one-year high against major peers on Thursday and headed for a fifth straight daily gain fuelled by higher yields…
Oil prices ease on fears of higher output, sluggish demand
By Katya Golubkova and Trixie Yap (Reuters) -Oil prices slipped in early trade on Thursday, reversing most of the previous session’s gains, weighed down by worries of higher global production…
Asia FX weak as dollar surges to 1-year high on sticky inflation; Powell awaited
Investing.com– Most Asian currencies weakened on Thursday, while the dollar rose to a one-year high on data showing continued stickiness in U.S. inflation, with focus now turning to an upcoming…
Oil prices muted after mixed US inventory data; more demand cues awaited
Investing.com– Oil prices drifted lower in Asian trade on Thursday following middling industry data on U.S. inventories, while markets sought more cues on demand from China and the International Energy…
Oil prices edge down, forecasts for higher oil output, weak demand growth weigh
By Katya Golubkova TOKYO (Reuters) – Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also…
Japan planning $87 billion extra budget to fund stimulus package, paper says
TOKYO (Reuters) – The Japanese government is making arrangements to compile a supplementary budget of about 13.5 trillion yen ($87 billion) to fund a stimulus package to help low-income households…
Why is the euro falling and could it hit $1?
LONDON (Reuters) -The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump’s U.S. election win raises the prospect of a hike in…
Oil rebounds slightly on short-covering as strong dollar caps gains
By Nicole Jao NEW YORK (Reuters) -Oil prices rebounded on Wednesday, settling higher on short-covering a day after they fell near a two-week low on OPEC’s reduced demand forecast, but…
Oil futures dips on mixed API report as weekly gasoline stocks climb
Investing.com — U.S. crude oil futures were slightly lower in post-settlement trading Wednesday after the American Petroleum Institute reported an unexpected fall in weekly domestic inventories, though gasoline supplies ticked…
Trump pick Rubio could harden oil sanctions on Iran, Venezuela
By Timothy Gardner and Vivian Sequera WASHINGTON/CARACAS (Reuters) – President-elect Donald Trump’s pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on…
