Yen slumps to lowest since 1986, putting traders on red alert
By Harry Robertson LONDON (Reuters) -The yen dropped to its lowest level since 1986 against the dollar on Wednesday, keeping currency markets alert for any signs of intervention from Japanese…
3 scenarios for the EUR/USD in response to French legislative elections – Citi
Investing.com – The EUR/USD has dropped significantly in recent weeks, particularly affected by the shock of the dissolution of the National Assembly in France and the resulting political uncertainty. In…
Oil prices rise on demand optimism; US inventory build surprise
Investing.com– Oil prices rose Wednesday, boosted by optimism of summer demand and geopolitical risks from the Middle East conflict, even after unexpected build in U.S. inventories. At 07:45 ET (11:45 GMT), Brent…
Yen hits weakest since December 1986 vs dollar
LONDON (Reuters) – The yen touched its weakest against the dollar since December 1986 on Wednesday, as selling pressure on the currency continued, despite repeated warnings from Japanese officials of…
EU Commission says no new EU country ready to join the euro
BRUSSELS (Reuters) – The European Commission said on Wednesday that none of the six European Union countries that do not yet use the euro currency meet the criteria to become…
Oil rises on inventory drawdown outlook, Middle East risks
By Alex Lawler and Arunima Kumar LONDON (Reuters) -Oil prices inched up on Wednesday nearing their highest level in almost two months, driven by forecasts for an eventual inventory drawdown…
Morning Bid: Rate angst creeps back; yuan, yen weaken anew
A look at the day ahead in U.S. and global markets from Mike Dolan In a year supposedly filled with central bank interest rate cuts around the world, the prospect…
U.S. crude imports touch two-year high despite lukewarm demand
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to…
Goldman Sachs: Brent oil prices “at our summer peak”
Investing.com — Brent crude prices have touched their “summer peak” of $86 per barrel, according to projections from analysts at Goldman Sachs. In a note to clients, the analysts noted…
Aussie dollar jumps on inflation spike, while yen stays under pressure
By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) -The Australian dollar rallied after a surprise jump in inflation on Wednesday raised the prospect of another rate hike, while the U.S.…
