Asia FX weakens with yuan volatile, dollar steady ahead of PCE data
Investing.com– Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan logging wild swings amid suspected intervention by the People’s Bank, while the dollar steadied ahead…
Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply
(Reuters) – Goldman Sachs said on Thursday that whoever wins the U.S. presidential election in November will have limited tools to significantly boost domestic oil supply next year. Strategic petroleum…
Oil prices steady on strong US GDP, but set for third week in red
Investing.com– Oil prices steadied in Asian trade on Friday, taking some support from positive U.S. gross domestic product data, but concerns over sluggish demand conditions in Asia put crude on…
Oil edges up on strong US GDP data but Asia economic woes limit gains
By Laila Kearney (Reuters) – Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world’s largest…
Yen drifts lower from 2-1/2-month peak vs dollar as markets stabilize
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The yen edged lower from a 2-1/2-month high against the U.S. dollar on Thursday, as financial markets stabilized, with investors looking ahead to next…
Oil prices settle higher as stronger US economic data boosts demand hopes
Investing.com– Oil prices fell sharply Thursday as concerns about demand growth grew, overshadowing healthy U.S. growth data. At 08:40 ET (12:40 GMT), Brent oil futures expiring in September fell 1.1% to…
Oil edges higher on upbeat US economic data
By Nicole Jao (Reuters) -Oil prices edged up on Thursday after strong U.S. economic data stoked expectations for higher crude demand, but the gains were limited by concerns about lower…
Citi sees potential for USD/JPY tactical longs amid strong US GDP data
Citi highlighted the Japanese yen’s major support level against the US dollar, noting that the USDJPY pair had maintained its position above the 152 mark. This level was previously identified…
A Trump presidency to pose mostly bearish risks for oil, Citi says
(Reuters) – A Donald Trump presidency could be net bearish for oil prices due to a combination of factors including tariffs and oil-friendly policies, and pushing the Organization of the…
Oil edges up on upbeat US economic data
By Nicole Jao (Reuters) -Oil prices edged up on Thursday after strong U.S. economic data stoked expectations for higher crude demand, but the gains were limited by concerns about lower…
