The yen erased an initial gain made against the dollar after Japan’s currency chief Masato Kanda stepped up verbal rhetoric to support the currency, though was still higher against other Group-of-10 peers. USD/JPY little changed at 147.75; it fell as much as 0.2% to 147.37 after...
Gold prices edged lower on Tuesday as the dollar stood firm near recent highs, although trading was fairly muted with markets looking for more cues on the U.S. Federal Reserve’s policy path after a widely expected interest rate pause this month. Spot gold was down 0.1%...
Oil steadied after hitting the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market. West Texas Intermediate was little changed above $85 a barrel after an initial surge as the week’s trading kicked off. Underlying metrics, including WTI’s prompt spread, have...
The dollar started Monday on a steady footing as investors assessed U.S. jobs data that showed some signs of cooling and bolstered expectations that the Federal Reserve was likely at the end of its monetary tightening cycle. Data on Friday showed U.S. job growth picked up...
Oil extended its rally to hit the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market. West Texas Intermediate climbed for an eighth straight session, an advance that includes last week’s gain of more than 7%. Underlying metrics, including the US...
Gold held a weekly gain, after a US jobs report on Friday supported optimism the Federal Reserve is nearing the end of its tightening cycle. The data suggested the US labor market is undergoing a controlled cooling, illustrated by solid hiring, slower earnings growth and more people returning to...
Oil headed for the biggest weekly gain since April as Russia signaled it would extend export curbs and China fired another salvo of state support to bolster the economy in the world’s largest crude importer. West Texas Intermediate was up for a seventh day near $84 a barrel, which would...
The U.S. dollar edged lower in early European trade Friday, on course to end a six-week winning streak ahead of the release of the highly-anticipated monthly U.S. jobs report. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six...
Oil headed for a weekly gain after Russia signaled that it would extend export curbs and US inventories dropped further. West Texas Intermediate was steady above $83 a barrel, almost 5% higher this week. Moscow has agreed with OPEC+ partners on further cuts to exports, with details to be...
Oil advanced for a fifth day on signs of another substantial draw in US inventories and a buoyant mood across wider markets. West Texas Intermediate rose above $81 a barrel, on course for the longest winning streak since March. US stockpiles tumbled by 11.5 million barrels, according to...