The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging coronavirus cases. The U.S. Labor Department said on Thursday that payrolls surged in June but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has regained just over a third of an historic plunge of 20.787 million jobs lost in April. Against a basket of currencies, the dollar rose less than 0.1%, to 97.249 at 13:53 GMT. Friday saw its...

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Gold edged slightly higher on Monday after the United States and China imposed new tariffs on each others goods but a firmer dollar limited the precious metals upside. Washington began imposing 15% tariffs on a variety of Chinese goods on Sunday, including footwear, smart watches and flat-panel televisions, as Beijing began imposing new duties on U.S. crude. However, U.S. President...

The U.S. dollar was little changed against the other major currencies on Monday as concerns over the latest escalation in the U.S. - China trade war kept investors wary and volumes remained thin ahead of a U.S. market holiday. The U.S. dollar index against a basket of six major currencies was almost unchanged at 98.83 by 03:35 AM ET (07:35 GMT). The U.S. slapped 15% tariffs on a variety of...

The yen strengthened on Monday, thanks to bigger appetites for safe-haven assets as Washington and Beijing put additional tariffs on each other's exports, adding to the gloom hanging over the global economic outlook. The United States slapped 15% tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - while China imposed new duties on...

Gold rose as investors sought havens after the U.S. raised tariffs on Chinese goods, and data pointed to further weakness in Chinas economy. President Donald Trumps levies on $110 billion of imports from China came into effect Sunday, raising the stakes in the prolonged trade spat between the worlds top two economies. Chinas factory activity deteriorated...

Having witnessed upbeat manufacturing purchasing managers index (PMI) data from China, AUD/USD takes the bids to 0.6735 during early Monday. With Chinas August month Caixin Manufacturing PMI, 50.4 against 49.8 forecasts, defying the weekend release of official manufacturing, 49.5 versus 49.7 expected, Aussie buyers shrug off recent pessimism. Earlier during the day, a slew of private...

Oil prices fell on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude. Brent crude was down 42 cents, or 0.7%, at $58.83 a barrel by 0041 GMT, while U.S. oil was down 27 cents, or 0.5%, at $54.83 at barrel. The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday...

Oil futures finished lower Friday, with U.S. front-month contract prices down roughly 6% for the month, according to FactSet data. Russian Energy Minister Alexander Novak said Russia's oil output cuts in August will be slightly below those agreed to under the deal between OPEC and non-OPEC producers, Reuters reported, citing RIA and Interfax news agencies. That shook confidence surrounding the...

Gold futures settled lower on Friday to post a loss for the week, but prices tallied a fourth consecutive monthly gain, with investors snapping up the precious metal and other haven assets in August as trade-related tensions stoked worries over global growth. Gold for December delivery on Comex lost $7.50, or 0.5%, to settle at $1,529.40 an ounce, leaving the most-active contract down 0.5% for...

PRECIOUS METALS
Gold flat as virus fears offset gains in equities
Friday, 3 July 2020 17:11 WIB Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from...
ENERGY
Crude Oil Lower; OPEC Disputes and Virus Cases Weigh
Friday, 3 July 2020 18:59 WIB Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery...
CURRENCIES
Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S.
Friday, 3 July 2020 22:04 WIB The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs...

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