TRENDING

MARKETS

PARTNER
More news
Illustration shows U.S. dollar banknotes

Dollar on track for weekly gain as Fed pushes back on pivot

The dollar was headed for its best week in a month on Friday, as hawkish remarks from Federal Reserve officials and stronger-than-expected retail sales data have put the brakes on a pullback that was triggered by signs of softening inflation.
Oil pump jacks at Vaca Muerta in Argentina

Oil prices extend gains on China demand hopes

Oil prices rose nearly 1% on Monday, extending gains from the previous session as China eased some of its strict COVID-19 protocols, fuelling hopes of a recovery in economic activity and demand at the world's top crude importer.
Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang

Oil steadies after 3% drop on demand fears

Oil prices were mostly unchanged in early trade on Wednesday, after sliding 3% in the previous session on worries about demand stalling on potential new lockdowns in top oil importer China as COVID-19 cases rebound.
An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara

Oil falls as China sticks to strict COVID policy

Oil prices fell more than 2% at the start of Asia trade on Monday after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach, dashing hopes of an oil demand rebound at the world's top crude importer.
Arrangement of various world currencies including Chinese Yuan, Japanese Yen, US Dollar, Euro, British Pound, Swiss Franc and Russian Rouble pictured in Warsaw

Global FX trading hits record $7.5 trln a day - BIS survey

Currency trading has hit a record $7.5 trillion-a-day, a comprehensive new study has shown, with the dollar retaining its global dominance but some signs too that London's position as the world's top trading hub is being eroded by Brexit.