Oil holds near two-month high on higher demand outlook, possible rate cut
By Colleen Howe BEIJING (Reuters) – Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from…
Oil prices steady amid summer demand hopes, supply risks
Investing.com– Oil prices steadied in Asian trade on Tuesday after running up sharply in recent sessions as traders bet on increased demand during the Independence Day holiday and potential supply…
RBA could hike rates in August, supporting AUDUSD- UBS
Investing.com– UBS said it expected the Reserve Bank of Australia to potentially hike interest rates in August following a series of inflation surprises, and that the Australian dollar (AUDUSD) was…
US dollar climbs to new 38-year peak vs yen; euro rises after French elections
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar surged to a fresh 38-year peak against the yen on Monday, as Treasury yields on the long end rose sharply, keeping…
Oil prices up 2% to two-month high on summer demand hopes, supply worries
By Scott DiSavino (Reuters) -Oil prices gained about 2% to a two-month high on Monday on hopes of rising demand during the Northern Hemisphere’s summer driving season and worries that…
Oil prices settle on demand hopes ahead of US fresh inventory data
Investing.com– Oil prices settled higher Monday, benefiting from stronger-than-expected Chinese manufacturing activity data, suggesting a recovery in the world’s second-largest economy and major crude importer. At 14:30 ET (18:30 GMT), Brent…
Oil prices settle higher on demand hopes ahead of fresh US inventory data
Investing.com– Oil prices settled higher Monday, benefiting from stronger-than-expected Chinese manufacturing activity data, suggesting a recovery in the world’s second-largest economy and major crude importer. At 14:30 ET (18:30 GMT), Brent…
Oil prices rise 2% on summer demand hopes, supply worries
By Scott DiSavino (Reuters) -Oil prices climbed about 2% on Monday on hopes of rising demand during the Northern Hemisphere’s peak summer driving season and worries that OPEC+ production cuts…
South African markets retreat after ‘sugar rush’ of Ramaphosa’s cabinet
By Bhargav Acharya and Kopano Gumbi JOHANNESBURG (Reuters) -South African assets gave up some gains on Monday as the initial optimism shown by the markets waned a day after President…
Euro gains after French elections; yen sinks to new 38-year low
By Harry Robertson and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -The euro climbed on Monday after a convincing and historic win by the French far right in the first round of…
