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Dollar resumes climb after three-day fall as investors eye Fed
Investing
Stocks edge lower as investors weigh geopolitical tensions, upcoming Nvidia earnings
Investing
Oil prices tick up as market weighs Ukraine war escalation
Investing
IAEA’s Grossi hopes Iran’s capping of highly enriched uranium stock holds
Dollar recovers after three-day slide as investors await cues on Trump policies
Date: November 20, 2024
By Medha Singh and Kevin Buckland (Reuters) -The U.S. dollar climbed from a one-week low on Wednesday, while the Japanese yen slid as safety haven demand faded and investors awaited more cues on U.S. President-elect Donald Trump’s proposed policies. The previous day’s boost to the dollar and other traditional safe-haven currencies like the yen proved...
Sterling jumps after data shows UK inflation tops 2%
Date: November 20, 2024
By Amanda Cooper LONDON (Reuters) -Sterling jumped on Wednesday after data showed UK consumer inflation accelerated more quickly than forecast in October, supporting the view that the Bank of England will lower interest rates gradually in the coming months. An anticipated rise in energy bills last month pushed up the annual rate of inflation to...
Oil little changed as market weighs mixed drivers
Date: November 20, 2024
By Jeslyn Lerh SINGAPORE (Reuters) – Oil was broadly stable for a second day on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia and signs of growing Chinese crude imports offset data showing U.S. crude stocks rising. Brent crude futures for January were up 11 cents to...
Sterling jumps after data shows faster rise in UK inflation
Date: November 20, 2024
LONDON (Reuters) – Sterling jumped on Wednesday after data showed UK consumer inflation accelerated more quickly than forecast in October, helping support the view that the Bank of England will lower interest rates gradually in the coming months. The pound was last up 0.23% on the day at $1.2711, having traded around $1.2688 prior to...
Dollar touches one-week low as safety bid, ‘Trump trade’ momentum ebb
Date: November 20, 2024
By Kevin Buckland TOKYO (Reuters) -The U.S. dollar slipped to a one-week low versus major peers on Wednesday, looking to extend a three-day decline from a one-week peak as the market catches its breath following the frantic rally in the wake of Donald Trump’s election. The previous day’s boost to the dollar and other traditional...
Bitcoin breaches $94,000 for the first time
Date: November 20, 2024
SINGAPORE (Reuters) – Bitcoin rose to a record high above $94,000 as a report that Donald Trump’s social media company was in talks to buy crypto trading firm Bakkt added to hopes of a cryptocurrency-friendly regime under the incoming Trump administration. Bitcoin, the world’s biggest and best-known cryptocurrency, has more than doubled this year. It...