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Oil prices set for weekly loss on China demand fears
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Dollar rallies as Fed’s Powell nixes rate cut bets
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Morning Bid: No end in sight for Trump-fuelled trade
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Bitcoin rises above $90,000 on Trump euphoria
European shares, dollar higher; bitcoin above $91K
Date: November 14, 2024
By Samuel Indyk and Rae Wee LONDON (Reuters) -The dollar rose on Thursday, while longer-dated U.S. bond yields hovered near multi-month highs as investors bet that President-elect Donald Trump’s policies would fuel inflation and keep interest rates higher for longer European shares bounced from three-month lows after a number of positive earnings updates, while bitcoin...
Sterling squashed by dollar steamroller, traders watch out for Reeves’ speech
Date: November 14, 2024
LONDON (Reuters) – The pound dropped to its lowest against the dollar since early July on Thursday, brushed aside by the U.S. currency’s relentless rise following Donald Trump’s U.S. election victory. Those developments are swamping British news for investors, although they will be keeping an eye on finance minister Rachel Reeves’ first Mansion House speech...
Why is the euro falling and could it hit $1?
Date: November 13, 2024
Why is the euro falling and could it hit $1? LONDON (Reuters) – The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump’s U.S. election win raises the prospect of a hike in tariffs that could deal a fresh blow to the euro zone economy. At around...
Sterling drifts near 3-month lows vs dollar
Date: November 13, 2024
By Medha Singh (Reuters) – The pound hovered near three-month lows against a stronger dollar on Wednesday, after a sharp fall in the previous session following data that showed inflation was easing in the UK. Sterling dipped 0.1% to $1.2795 after hitting its lowest since early August at $1.2719 on Tuesday, after data showed regular...
Oil prices hold near 2-week low on gloomy demand outlook
Date: November 13, 2024
By Arunima Kumar (Reuters) – Oil prices held near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025 and amid demand concerns in China. Brent futures were up 49 cents, or 0.68%, to $72.38 a barrel at 1040 GMT, while U.S....
Dollar rises on Trump tariff hopes, bitcoin retreats after rally
Date: November 12, 2024
By Chibuike Oguh and Harry Robertson NEW YORK/LONDON (Reuters) – The U.S. dollar rose to a near five-month high against major peers on Tuesday, buoyed by expectations of inflationary import tariffs from Republican President-elect Donald Trump, while bitcoin pared gains from a record rally. Bitcoin dropped from a new all-time peak of $89,982 and was...