Oil held steady near $68 a barrel as U.S. data showed the nation's drillers decreased activity.
September futures in New York were little changed after falling 2.4 percent last week. The August contract expired Friday at $70.46 a barrel. U.S. working oil rigs fell by five to 858, the biggest drop since March 30, according to data from Baker Hughes. Meanwhile, hedge funds cut their net-long position in West Texas Intermediate by the most since May, according to U.S....
Japan's Nikkei fell on Monday, after U.S. President Donald Trump's latest trade comments and speculation towards the Bank of Japan tweaking its massive easing scheme triggered a rally in the yen.
The Nikkei was down 1.29 percent at 22,404.45 on midday trade
The dollar traded below 111.00 yen, having tumbled from the six-month peak above 113.00 scaled late last week after President Trump said the strong greenback put his country at a disadvantage.
Losses in Topix stocks were less pronounced...
USD/JPY is on the move in Asia and Tokyo has pushed it higher to test the 111 psychological level with a low of 110.85 so far from a high of 111.51.
USD/JPY has been dropping, following the move that started last week following Trump's comments on CNBC that have sparked an unwinding in the dollar. The DXY has dropped all the way back to 94.2810 from close to 95.31 earlier in the month.
However, there is a decoupling of US yields and the dollar where 10yr treasury yields rose from 2.84% to...
Gold advances for second day as dollar weakens after U.S. President Donald Trump tweeted that China and the European Union have been manipulating their currencies.
Bullion for immediate delivery +0.3% to $1,233.30/oz at 9:53am in Singapore, after +0.5% on Friday: Bloomberg generic pricing. Metal hit $1,211.63 last week, lowest since July 2017, as rising dollar, trade tensions spur declines.
Bloomberg Dollar Spot Index -0.2% after -0.8% Friday.
In other precious...
Tokyo stocks opened lower on Monday as the yen firmed against the dollar after US President Donald Trump accused China and the European Union of keeping their currencies low.
The benchmark Nikkei 225 index lost 0.89 percent, or 200.89 points, to 22,496.99 in early trade, while the broader Topix index was down 0.44 percent, or 7.71 points, at 1,737.27.
Source : AFP