Browsing Category
forex news
Oil prices dip as traders cash in on two-week price rally
Oil prices edged away from 5-week highs on Tuesday, with traders cashing in on a 16-percent rally since early…
China central bank: yuan’s global acceptance to be driven by market
The internationalization of the yuan has exceeded people's expectations and its global acceptance will be driven by…
Oil hits August high on potential producer action to prop up market
Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11 percent since…
Dollar pinned by easing Fed rate hike expectations
The dollar was softer on Monday, pegged back by sluggish U.S. data that tempered expectations of a Federal Reserve…
Dollar, yields fall after tepid U.S. economic data
Soft U.S. economic data weighed on the dollar and Treasury yields on Friday and pressured stock prices, but Wall…
Kiwi hits 1-year high after RBNZ rate cut falls short of expectations
The New Zealand dollar surged to its highest level in more than a year on Thursday after the Reserve Bank of New…
Oil prices dip on U.S. crude inventory build, record Saudi output
Oil prices fell on Thursday as a build in U.S. crude inventories and record Saudi Arabian production reinforced…
Oil falls on oversupply; calls for producer meeting met with scepticism
Oil prices fell on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer…
Dollar drops as Fed rate rise prospects reassessed
The dollar fell against a basket of currencies on Wednesday as investors re-evaluated whether the U.S. Federal…
Oil drops as glut, profit-taking beat back optimism over OPEC meet
Crude prices inched lower Tuesday on continued worries over a global oil glut and as investors took profits on…