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POPULAR NEWS
Gold Futures Post Their First Gain in 3 Sessions

Gold futures climbed on Monday to score their first gain in three sessions, moving back toward the nearly nine-year high they reached on Wednesday. Investors eyed the rising number of cases in the U.S., which lifted expectations for further central bank stimulus measures to offset the effects of the pandemic's hit to the economy. August gold rose $12.20, or 0.7%, to settle at $1,814.10 an ounce. Prices on Wednesday settled at $1,820.60, the highest for a most-active contract since Sept. 14,...

Gold Trades Steady as Virus, Equities’ Advance Weighed

Spot gold was steady in Asian trading as investors weigh virus developments in the U.S amid expectations Asian equities will open higher on Monday. Asia stocks are set for a higher open on Monday as investors look to the start of earnings season for clues on how companies are faring in the pandemic. Spot gold +0.1% to $1,801.02 at 7:40 a.m. in Singapore. Spot silver gained for second day. Bloomberg Dollar Spot Index

Hong Kong Stocks Close Higher (Review)

Hong Kong stocks finished Monday on a positive note as hopes for a virus vaccine overshadowed concerns about a fresh wave of infections in the financial hub. The Hang Seng Index added 0.17 percent, or 44.71 points, to 25,772.12. The benchmark Shanghai Composite Index climbed 1.77 percent, or 59.96 points, to 3,443.29 while the Shenzhen Composite Index on China's second exchange jumped 3.48 percent, or 78.39 points, to 2,329.40. Source : AFP

Oil slips as traders eye supply cut easing at OPEC meeting

Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude LCOc1 fell 27 cents to $42.97 a barrel by 0114 GMT while U.S. West Texas Intermediate crude CLc1 was at $40.27 a barrel, down 28 cents. Oil was little changed last week as a resurgence of coronavirus cases prompted several U.S. states to impose tighter travel restrictions that could dampen...

Dollar Falls as U.S. Earning Season Kicks Off

The U.S. dollar edged lower on Monday as investors looked to domestic corporate earnings and upcoming retail data to gauge whether guarded optimism on the country's economic outlook is justified. The index that measures the dollar against a basket of six other major currencies - which often serves as a safe-haven for investors seeking high-quality assets in moments of market volatility - was down 0.31% in North American morning trade. The dollar ended its third week of losses on Friday as...

U.S.-China tensions lift dollar 0.3%
Friday, 22 May 2020 15:20 WIB | CURRENCIES |DOLLARCurrency

The dollar rose on Friday in overnight trading and extended its gains in early London trading, after U.S.-China tensions boosted demand for safe-haven currencies.

U.S. President Donald Trump said that Washington would react œvery strongly to new Chinese legislation on Hong Kong, which could lead to new pro-democracy protests.

Sino-American relations have worsened during the coronavirus pandemic. The U.S. has ramped up its criticism of China, blaming it for the spread of the virus, which originated in Wuhan.

Against a basket of comparable currencies, the dollar was last at 99.7, up 0.3% since New York's close. After two consecutive weeks of gains, the dollar looks set to end this week down around 1%.

The euro was down around 0.3% against the dollar, at $1.092, having hit a three-week high of $1.1008 on Thursday. The Japanese yen was up around 0.2% against the dollar, at 107.36.

Source : Reuters

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POPULAR NEWS
Gold Futures Post Their First Gain in 3 Sessions

Gold futures climbed on Monday to score their first gain in three sessions, moving back toward the nearly nine-year high they reached on Wednesday. Investors eyed the rising number of cases in the U.S., which lifted expectations for further central bank stimulus measures to offset the effects of the pandemic's hit to the economy. August gold rose $12.20, or 0.7%, to settle at $1,814.10 an ounce. Prices on Wednesday settled at $1,820.60, the highest for a most-active contract since Sept. 14,...

Gold Trades Steady as Virus, Equities’ Advance Weighed

Spot gold was steady in Asian trading as investors weigh virus developments in the U.S amid expectations Asian equities will open higher on Monday. Asia stocks are set for a higher open on Monday as investors look to the start of earnings season for clues on how companies are faring in the pandemic. Spot gold +0.1% to $1,801.02 at 7:40 a.m. in Singapore. Spot silver gained for second day. Bloomberg Dollar Spot Index

Hong Kong Stocks Close Higher (Review)

Hong Kong stocks finished Monday on a positive note as hopes for a virus vaccine overshadowed concerns about a fresh wave of infections in the financial hub. The Hang Seng Index added 0.17 percent, or 44.71 points, to 25,772.12. The benchmark Shanghai Composite Index climbed 1.77 percent, or 59.96 points, to 3,443.29 while the Shenzhen Composite Index on China's second exchange jumped 3.48 percent, or 78.39 points, to 2,329.40. Source : AFP

Oil slips as traders eye supply cut easing at OPEC meeting

Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude LCOc1 fell 27 cents to $42.97 a barrel by 0114 GMT while U.S. West Texas Intermediate crude CLc1 was at $40.27 a barrel, down 28 cents. Oil was little changed last week as a resurgence of coronavirus cases prompted several U.S. states to impose tighter travel restrictions that could dampen...

Dollar Falls as U.S. Earning Season Kicks Off

The U.S. dollar edged lower on Monday as investors looked to domestic corporate earnings and upcoming retail data to gauge whether guarded optimism on the country's economic outlook is justified. The index that measures the dollar against a basket of six other major currencies - which often serves as a safe-haven for investors seeking high-quality assets in moments of market volatility - was down 0.31% in North American morning trade. The dollar ended its third week of losses on Friday as...

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