Citi expects NZD to underperform amid US election uncertainty
Citi expressed concerns over the potential impact of the upcoming November US Presidential election on high-beta currencies, predicting that the New Zealand Dollar (NZD) will underperform. According to Citi, the…
Australian dollar likely to struggle against USD: Citi
Citi FX analysts provided insights into the Australian dollar’s performance against various currencies, predicting a challenging path ahead for the AUD. According to the brokerage firm, the recent sharp decline…
US to invest $2.2 billion to overhaul national power grid
(Reuters) -The Biden administration said on Tuesday it is investing $2.2 billion to revamp the nation’s power grid to protect it against growing threats of extreme weather events. The U.S.…
Expanded Trans Mountain pipeline capacity fails to lift Canadian heavy oil price
By Nia Williams (Reuters) – The Trans Mountain oil pipeline expansion (TMX) was meant to shrink the discount on Canadian oil versus U.S. crude but three months in the differential…
US to invest $2.2 billion in the nation’s power grid
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Dollar rebounds after hefty losses; euro, sterling slip
Investing.com – The U.S. dollar rose Tuesday, reversing some of the recent losses as a degree of calm returned to the foreign exchange markets. At 06:20 ET (10:20 GMT), the…
Oil prices steady, supported by Middle East supply fears
By Ahmad Ghaddar and Arunima Kumar LONDON (Reuters) -Oil prices pared gains in volatile trade on Tuesday as fears of an escalation in the Middle East conflict and a drop…
Oil prices pare gains spurred by Middle East supply fears
By Ahmad Ghaddar LONDON (Reuters) -Oil prices pared gains in volatile trade on Tuesday as fears of an escalation in the Middle East conflict and a drop in production at…
Japanese yen weakens for first day this month
By Alun John and Ankur Banerjee SINGAPORE/LONDON (Reuters) -The Japanese yen steadied on Tuesday and the Swiss franc was also softer as some of the most striking moves of recent…
Gold prices slide from near record highs as stock markets rebound
Investing.com– Gold prices fell from near record highs in Asian trade on Tuesday as a rebound in stock markets sapped some demand for safe havens, although fragile sentiment still kept…
