Trading
Trading
Why Is the Euro Falling and Could It Hit $1?
Trading
Sterling Drifts Near 3-month Lows vs Dollar
Trading
Oil Prices Hold Near 2-week Low on Gloomy Demand Outlook
Trading
Dollar Rises on Trump Tariff Hopes, Bitcoin Retreats After Rally
Cryptocurrency Data Provider Kaiko Acquires Vinter, Eyes European Crypto Etp Growth
Date: November 12, 2024
By Lisa Pauline Mattackal (Reuters) – Cryptocurrency data provider Kaiko said on Tuesday it is acquiring European crypto index provider Vinter in a bet on growth in the European digital asset market. The deal comes as some analysts expect significant growth in the European crypto ETP market, which remains significantly smaller than the U.S. “It’s...
Dollar Roars With Bitcoin as Trump Trades Shine; Euro and Yuan Slump
Date: November 12, 2024
By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) -The U.S. dollar rose to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished at a seven-month trough and the yuan slumped to...
Pound Hits 3-month Low on Jobs Data and Dollar’s Trump Rally
Date: November 12, 2024
By Harry Robertson LONDON (Reuters) – The pound fell to a three-month low after data on Tuesday showed regular wage growth cooled and unemployment ticked up, and as currencies felt the pressure of a surging dollar after Donald Trump’s U.S. election victory. Sterling fell as much as 0.5% to $1.2806, its lowest since Aug. 15,...
Oil Prices Hold Their Ground After Falling on China Stimulus
Date: November 12, 2024
By Colleen Howe BEIJING (Reuters) – Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC’s monthly report after China’s stimulus plan and oversupply concerns took the wind out of markets in prior sessions. Brent crude futures fell 1 cent to $71.82 a barrel, by 0158 GMT. U.S. West...
Oil Falls on Chinese Stimulus Disappointment, Supply Outlook
Date: November 12, 2024
By Erwin Seba HOUSTON (Reuters) -Oil prices fell by more than 2% on Monday after China’s latest stimulus plan disappointed investors seeking demand growth in the world’s second-biggest oil consumer, while supply looked set to rise in 2025. Brent crude futures settled at $71.83 a barrel, down$2.04 or 2.76%. U.S. West Texas Intermediate crude futures...
Oil Falls as China Stimulus Fails to Boost Sentiment, US Dollar Rises
Date: November 11, 2024
By Arunima Kumar (Reuters) – Oil prices fell about 2% on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s second-biggest oil consumer and as the U.S. dollar edged higher. Brent crude futures were down $1.83, or 2.48%, to $72.04 a barrel by 1444 GMT while U.S. West Texas Intermediate...