Category: All Category

21 Jun

Oil slump spooks investors; China stocks underwhelmed by MSCI

SYDNEY (Reuters) – A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks. The slide in energy costs boosted bond prices and flattened yield curves as investors priced in lower […]

21 Jun

Dollar remains close to session highs as sterling slide continues

The dollar traded close to session highs against a basket of global currencies, as sentiment on the greenback remained positive in the wake of upbeat comments from the Federal Reserve while a slump in the pound supported further upside momentum. A dent in sterling pushed the dollar to session highs, after Bank of England Governor […]

Forex – Dollar gains amid Fed remarks and sterling weakness

  Dollar moves higher, buoyed by bearish sentiment in the pound Richwill – The dollar moved higher against a basket of other currencies on Tuesday as investors continued to digest a slew of comments out from Federal Reserve (Fed) officials and further promises for the U.S. to come through on tax reform this year, while […]