Oil slips on mixed demand signals
By Noah Browning (Reuters) – Oil prices fell on Thursday on mixed demand signals a day after large draws on U.S. inventories while consumption in China, the world’s largest crude…
Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease – Reuters poll
By Roushni Nair (Reuters) – Investors turned bullish on the Singapore dollar for the first time since mid-December as the city-state’s growth and inflation dynamics continue to support the local…
India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says
MUMBAI (Reuters) – The Reserve Bank of India may allow the rupee to weaken slightly to unwind the slightly elevated real effective exchange rate and keep the South Asian currency…
Yen rises sharply as carry trades unwind, risk mood sours
By Rae Wee SINGAPORE (Reuters) -The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month highs against other currencies ahead of next…
Gold prices slide as safe haven plays favor yen; Copper losses deepen
Investing.com– Gold prices fell in Asian trade on Thursday, seeing little safe haven demand despite increasing risk-off sentiment as traders rode a sharp appreciation in the Japanese yen. A rout…
Japan’s novel FX intervention throws off investors
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) -Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities in…
Canadian wildfire reaches Jasper, firefighters battle to protect oil pipeline
(Reuters) -A wildfire reached the Canadian town of Jasper on Wednesday, one of hundreds ravaging the western provinces of Alberta and British Columbia, as firefighters battled to save key facilities…
Oil falls on weak China demand concerns, Mideast ceasefire talks
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal…
Asia FX muted as dollar dips ahead of econ. data; yen surges
Investing.com– Most Asian currencies moved in a flat-to-low range on Thursday as a rout in equity markets kept traders largely averse towards risk-driven assets, while the dollar retreated ahead of…
Canada wildfire reaches Jasper, firefighters work to protect Trans Mountain oil pipeline
(Reuters) – A wildfire that prompted evacuation orders for the town of Jasper, Alberta, reached the townsite on Wednesday evening, with firefighters working to protect critical infrastructure including the Trans…
