Most Asian currencies strengthened on Monday led by a jump in the South Korean won as the U.S. dollar retreated following weaker-than-expected economic data, while attention turned to the Bank of Korea’s interest rate decision later this week. In Asian trading, the US Dollar Index, which measures the dollar against a basket of major currencies, […]
Gold prices fell further from record highs in Asian trade on Friday, but were set for a positive week as threats of more trade tariffs from U.S. President Donald Trump boosted haven demand. An drop in the dollar also benefited gold prices this week, as creeping worries over the health of the U.S. economy- specifically […]
Oil prices held steady on Friday and were poised for a weekly increase as demand in China and the United States improved. Support was also provided by worries about Russian supply disruptions. Brent futures dipped 3 cents to $76.45 a barrel by 0414 GMT while U.S. Crude oil from West Texas Intermediate decreased by 4 […]
Most Asian currencies muted amid US tariff, rate jitters Trump’s recent announcement of impending tariffs on automobile, semiconductor, and pharmaceutical imports has heightened market caution. Meanwhile, recent comments from Fed Governor Adriana Kugler further stoked caution among investors, as she supported the central bank’s stance to delay rate cuts in light of sticky inflation. The ambiguity […]
Gold costs rose in Asian exchange on Thursday, momentarily hitting a record high as place of refuge request was supported by U.S. President Donald Trump taking steps to force more exchange taxes. In any case, gains in the yellow metal were hindered by some flexibility in the dollar, following hawkish signs from the minutes of […]
