Japanese yen fragile as USDJPY nears 162; intervention in focus
Investing.com– The Japanese yen steadied near its weakest levels in 38 years on Thursday, with the currency’s latest decline and low liquidity during a U.S. market holiday sparking fresh speculation…
Oil prices rise on deep weekly draw in US crude inventories
By Nicole Jao NEW YORK (Reuters) -Oil prices gained about 1% on Wednesday after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global…
Oil prices up on deep weekly draw in US crude inventories
By Nicole Jao NEW YORK (Reuters) -Oil prices were up slightly on Wednesday after a larger-than-expected decline in U.S. crude stocks, but thin trading ahead of the U.S. Independence Day…
Oil prices up slightly as US crude oil inventories fall
By Arunima Kumar (Reuters) -Oil prices steadied on Wednesday after trading higher on a bigger than expected drawdown in U.S. crude stockpiles while economic headwinds from China and the euro…
Yen skids to fresh 38-year low; US dollar tumbles after weak data
By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) – The yen sank to a fresh 38-year low against the U.S. dollar and a record trough versus the euro on…
Oil prices steady after large draw from US crude inventories
By Arunima Kumar (Reuters) -Oil prices steadied on Wednesday after trading higher on a bigger than expected drawdown in U.S. crude stockpiles while economic headwinds from China and the euro…
Citi: Gold investment demand to rise
Citi analysts have introduced a framework for understanding and forecasting gold prices, which they state aims to rejuvenate investment in this asset by providing a robust, regime-independent model. This framework…
Oil prices steady as lessening hurricane concerns balance bumper drawdown
Investing.com– Oil prices steadied Wednesday, largely handing back early gains but remaining near two-month highs after industry data showed U.S. inventories dropped substantially last week, boosting optimism over demand. At…
Euro expected to hold ground despite political tremors: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – The euro will weaken modestly against the U.S. dollar this month before strengthening by year-end, despite financial markets pricing two more European Central Bank…
China’s Sinopec strikes large oil, gas flow at South China Sea well
SINGAPORE (Reuters) – China’s Sinopec (OTC:SHIIY) Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the South China Sea,…
