Oil slides nearly 2% after Disappointing Inventory Data
Oil futures moved sharply lower on Wednesday, pressured by a stronger dollar, a forecast downgrade and the latest…
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Forex News
Emerging-Market Stocks Gain as Indian Shares Rally; Ruble Jumps
Emerging-market stocks gained, pushing valuations to a four-year high, as speculation that the U.S. will step up…
Euro holds Steady, gets Respite after Recent Sell-off
The euro steadied versus the dollar on Tuesday, after having bounced off an 11-year trough the previous day as…
Dollar falls versus Yen after Official Comments about Inflation Target
The dollar was lower against the yen in Asian trade Tuesday, with comments by a Japanese government minister about…
Gold struggles for Positive Ground ahead of Fed Meeting
Gold meandered lower on Tuesday as traders faced a full slate of economic data ahead of the next day’s key Federal…
Venezuela’s currency woes an increasing threat to U.S. corporate profits
Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency…
Dollar to hit EGP 8 by the End of June: Emirates NDB
The Egyptian pound is expected to further weaken against the US dollar, to reach EGP 8 by the end of June, if not…
Favourable Economic Winds help Egypt As Pound depreciates to Court Investors
Egypt will likely avoid the inflationary implications of a weaker currency as the pound depreciates ahead of a much…
Egypt’s Pound weakens for Third Straight Day to 7.29 per Dollar
Egypt's pound weakened to 7.29 per dollar at an unscheduled central bank auction on Tuesday from 7.24 a day…
Russia’s rouble crisis poses threat to nine countries relying on remittances
Russia’s rouble crisis is posing a major threat to countries along its southern fringe, whose economies rely…