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The Watch
3Yrs after flotation of Egyptian pound; dollars seen downward spiral in 2020
Egypt has floated the domestic currency in November 2016, making its price subject to the global market's rules of…
Oil drops ahead of European, U.S. economic data, offsets trade deal optimism
Oil eased on Monday as traders took profit ahead of fresh European and U.S. economic data, despite hopes for some…
Euro supported ahead of Lagarde speech, South African rand bounces
Major currencies started the week quietly with a holiday in Tokyo making for thin trading conditions and investors…
Gold steady on soft dollar, trade optimism lifts risk mood
Gold was steady on Monday as the greenback eased on soft manufacturing survey, while signs of a U.S.-China trade…
Oil rises 3.7%, but ends the week lower
Oil rose nearly 4 percent on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected…
Dollar slips on mixed data, trade optimism
Dollar fell on Friday after data showed a mixed view on the economy, and as optimism that the United States and…
Gold falls on positive U.S. jobs, China factory data
Gold eased on Friday as better-than-expected U.S. jobs numbers and strong factory data from China bolstered…
Oil climbs as investors put hopes on China stimulus
Oil rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering…
Dollar slips after Fed move, Chile cancels hosting APEC summit
Dollar fell declined against a basket of major currencies on Thursday, reversing earlier gains, after the Federal…
Gold rises after Fed rate cut weakens dollar
Gold climbed on Thursday as the U.S. dollar weakened after the Federal Reserve cut interest rates for the third…