The euro climbed to a three-month high on Friday and was set for a third straight week of gains after the European Central Bank expanded its stimulus programme. The euro rose to $1.1380 against a weakening dollar, its highest level since March 10, and was on course for a weekly jump of 2.5% and a ninth straight day of gains. This would represent the euro's longest series of rises on record since October 2004, while the dollar index is on course for its third consecutive week of losses at 96.611, staying near its lowest in nearly three months. The ECB raised its emergency bond purchase...

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The U.S. dollar fell on Monday after manufacturing activity in the New York area fell to a two-and-a-half year low in June, while other currencies remained quite ahead of a flurry of central bank meetings. The U.S. dollar index, which measures the greenbacks strength against a basket of six major currencies, was down 0.1% to 96.935 by 11:25 AM ET (15:25 GMT). Elsewhere, the European Central...

Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil tankers in the Gulf of Oman last week. Brent futures fell 35 cents, or 0.56%, to $61.66 a barrel by 10:30 GMT, having gained 1.1% on Friday. U.S. West Texas Intermediate (WTI) crude futures were also down 35 cents, or 0.67%, at $52.16, having...

Gold futures retreated on Monday, after a multiday rally as bullion, which has benefited from concerns about international trade clashes and a weakening global economy. The yellow metal for August delivery fell $7.50, or 0.6%, to $1,337, after closing Friday action wit a weekly loss of 0.1% based on the most-active contract prices as of June 7, FactSet data show. Prices on Friday had climbed to...

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasnt an urgent need for the Federal Reserve to cut interest rates. U.S. stores and factories reported a pickup in activity last month, according to government figures released Friday. Still, earlier numbers for payrolls and inflation were less robust,...

The U.S. dollar rose to a two-week high on Monday after strong economic data last week led investors to reassess whether the Federal Reserve will sound as dovish as expected at this week's monetary policy meeting. Broader currency markets were quiet, as traders hesitated to put on large positions before the Fed meeting, a meeting of European Central Bank policymakers in Portugal and the Bank of...

Oil prices gained on Monday in Asia amid Middle East tensions. U.S. Crude Oil WTI Futures inched up 0.1% to $52.83 by 1:05 AM ET (05:05 GMT). International Brent Oil Futures gained 0.2% to $62.13. Attacks on two oil tankers in the Gulf of Oman were cited as providing continuing support to the oil markets. Prices had jumped as much as 4.5% on Thursday following the news. The U.S. blamed Iran...

Gold was steady near a 14-month high as investors await Wednesdays Federal Reserve meeting for signals on where monetary policy is heading, while weighing economic data out of the U.S. Spot gold little changed at $1,341.61/oz at 12:49pm in Singapore.  Prices rose to $1,358.26 on Friday, highest level since April 2018. Bloomberg Dollar Spot Index steady after +0.4%...

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasnt an urgent need for the Federal Reserve to cut interest rates. Spot gold as much as -0.4% to $1,336.26/oz, and traded at $1,340.08 at 9:19am in Singapore. Prices rose to $1,358.26 on Friday, highest level since April 2018. Bloomberg Dollar...

PRECIOUS METALS
Gold Heads for 3rd Week of Losses Amid Signs of Recovery
Friday, 5 June 2020 15:08 WIB Gold eased on Friday ahead of a key U.S. jobs report and looked set for a third consecutive weekly decline as hopes for an economic recovery stoked...
ENERGY
Oil Dips on Uncertainty Over Producers Commitment to Output Cuts
Friday, 5 June 2020 13:01 WIB Oil prices eased slightly on Friday as markets wait to see whether major producers will commit to an extension of record production cuts to support...
CURRENCIES
Euro in The Ascendancy on The Back of ECB Stimulus
Friday, 5 June 2020 15:37 WIB The euro climbed to a three-month high on Friday and was set for a third straight week of gains after the European Central Bank expanded its...

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