Trading
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Morning Bid: Notre-Dame Rebuilt, as Paris Nears Collapse
Trading
Oil Prices Nudge Higher Ahead of Opec+ Meeting
Trading
World Shares Mixed, Dollar Advances Amid Improved U.S. Manufacturing, French Political Drama
Trading
Sterling Rises Versus Euro Towards Its 2-1/2-year High
Yen Hits Six-Week High, Dollar Dips for Month-End
Date: November 29, 2024
By Karen Brettell and Harry Robertson NEW YORK (Reuters) – The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Tokyo’s core consumer price index, which excludes volatile fresh food costs, rose 2.2% year-on-year in November...
Pound Set for Best Week Since September as Dollar Stumbles
Date: November 29, 2024
By Harry Robertson LONDON (Reuters) – The pound held steady on Friday, leaving it on track for its biggest weekly rise since mid-September after the dollar gave up some of its post-election gains. Sterling was last at $1.269 after rising to a two-week high of $1.275 in early trading, and was set for a weekly...
Oil Prices Set to End Week Over 3% Lower as Supply Risks Ease
Date: November 29, 2024
(Reuters) -Oil prices fell on Friday, heading for a weekly drop of more than 3%, as concerns over supply risks from the Israel-Hezbollah conflict eased, alleviating earlier disruption fears. Brent crude futures fell 55 cents, or 0.8%, to $72.73 a barrel by 0758 GMT. U.S. West Texas Intermediate crude futures were at $69.52, down 20...
Dollar Drops as Markets Weigh Trump Tariff Vow, Yen Hits 5-week High
Date: November 27, 2024
By Stefano Rebaudo (Reuters) -The U.S. dollar fell to a one-week low against its major peers on Wednesday as investors grew cautious about President-elect Donald Trump’s tariff pledges while rebalancing their portfolios before the end of the month. Markets will closely watch Personal Consumption Expenditures (PCE) price index due out later on Wednesday, before U.S....
Russian Rouble at 110 to US Dollar, Down by One Quarter Since Early August
Date: November 27, 2024
By Gleb Bryanski MOSCOW (Reuters) -The Russian rouble weakened beyond the 110 mark to the U.S. dollar on Wednesday, a threshold that some analysts believe could prompt authorities to take action to support the currency, which has fallen by more than 24% since early August. The rouble’s fall caught off guard economists who had expected...
Sterling Drops Versus Dollar, Flat Against Euro, Awaits Data
Date: November 27, 2024
By Stefano Rebaudo (Reuters) – Sterling rose against the dollar and was little changed versus the euro on Wednesday, with investors focused on the market reaction to U.S. President-elect Donald Trump’s tariff promises. Markets will closely watch the U.S. economic data later in the day, which could affect the Federal Reserve’s easing path. The greenback...