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POPULAR NEWS
Gold prices notch gains for the day and week as coronavirus fears intensify

Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to grow. February gold closed $6.50, or 0.4%, higher at $1,571.90 an ounce on Comex. The metal also marked a weekly gain of 0.4%. China has moved to restrict movement of some 46 million people in and out of cities near the center of the outbreak, while also canceling Lunar New Year events as the number of infections continued to rise. The virus...

Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth

Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer, after importing a record 10.12 million barrels per day in 2019, according to data from the General Administration of Customs. China is also the second-largest oil consumer, behind the United States. On Friday, U.S. West Texas Intermediate crude futures fell 2.5%, or $1.40, to settle at $54.19....

Stocks end lower on worries over coronavirus outbreak

Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P 500 lost around 30 points, or 0.9%, to finish near 3,295. The Nasdaq Composite closed near 9,315, off around 88 points, or 0.9%. Analysts said stocks were vulnerable to a pullback as concerns rise about the potential effect of the viral outbreak on...

More Airports Screening Passengers Amid China Virus Outbreak

More airports are beginning to screen passengers arriving from China amid growing concerns Friday over the outbreak of a new virus there that has already killed more than two dozen people and sickened hundreds. The energy-rich Gulf Arab nation of Qatar, home to long-haul carrier Qatar Airways, said it had installed thermal scanners at its main hub, Hamad International Airport.    Kuwait announced similar measures late the night before at Kuwait International Airport, joining...

Dollar Rises vs Euro as European PMI Data Fails to Impress

The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future. Euro zone business activity remained lackluster with the IHS Markit's Euro Zone Composite Flash Purchasing Managers' Index (PMI), seen as a good gauge of economic health, holding at 50.9 in January but missing the median prediction in a Reuters poll for...

Dollar nurses loses; pounds fate tied to EU summit
Thursday, 17 October 2019 08:36 WIB | CURRENCIES |pound EuroDOLLAR

The dollar found support on Thursday having weakened on lacklustre U.S. retail data, while the volatile pound was on edge as Britain and the European Union scrambled to secure a last-minute Brexit deal.

Sterling swung about a five-month high overnight, knocked around by a series of mixed headlines on the likelihood of progress at an EU leaders summit in Brussels later on Thursday.

It has surged some 5% since last week as negotiations stepped up, and sat in early Asian hours at $1.2816 per pound. The dollar was steady against most major currencies.

Against the Euro the pound also stood just under a five-month high at 0.8638 per euro.

The U.S. dollar had dropped on Wednesday as U.S. retail sales fell for the first time in seven months, painting a gloomy picture of the economy and making a case for rate cuts.

It was a touch weaker against the Euro at $1.1074 and the Japanese Yen at 108.69, but slightly stronger against the Australian and New Zealand dollars. Against a basket of currencies the dollar hit a month low of 97.898 overnight and was steady around that level on Thursday.

Source : Reuters

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POPULAR NEWS
Gold prices notch gains for the day and week as coronavirus fears intensify

Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to grow. February gold closed $6.50, or 0.4%, higher at $1,571.90 an ounce on Comex. The metal also marked a weekly gain of 0.4%. China has moved to restrict movement of some 46 million people in and out of cities near the center of the outbreak, while also canceling Lunar New Year events as the number of infections continued to rise. The virus...

Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth

Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer, after importing a record 10.12 million barrels per day in 2019, according to data from the General Administration of Customs. China is also the second-largest oil consumer, behind the United States. On Friday, U.S. West Texas Intermediate crude futures fell 2.5%, or $1.40, to settle at $54.19....

Stocks end lower on worries over coronavirus outbreak

Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P 500 lost around 30 points, or 0.9%, to finish near 3,295. The Nasdaq Composite closed near 9,315, off around 88 points, or 0.9%. Analysts said stocks were vulnerable to a pullback as concerns rise about the potential effect of the viral outbreak on...

More Airports Screening Passengers Amid China Virus Outbreak

More airports are beginning to screen passengers arriving from China amid growing concerns Friday over the outbreak of a new virus there that has already killed more than two dozen people and sickened hundreds. The energy-rich Gulf Arab nation of Qatar, home to long-haul carrier Qatar Airways, said it had installed thermal scanners at its main hub, Hamad International Airport.    Kuwait announced similar measures late the night before at Kuwait International Airport, joining...

Dollar Rises vs Euro as European PMI Data Fails to Impress

The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future. Euro zone business activity remained lackluster with the IHS Markit's Euro Zone Composite Flash Purchasing Managers' Index (PMI), seen as a good gauge of economic health, holding at 50.9 in January but missing the median prediction in a Reuters poll for...

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