The dollar edged toward an almost 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic. The gains consolidate the dollar™s strength after a topsy-turvy end to last month, which had the dollar soaring in a scramble for cash, then slumping as the U.S. Federal Reserve flooded the market with liquidity. The dollar was firmer against most other major currencies, last trading at $0.6054 per Australian dollar, $0.5903 per New Zealand dollar and $1.2376 per pound. It bought 108.00 Japanese...

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RECENT NEWS

Gold held near the highest in almost two weeks after minutes from the Federal Reserves latest meeting and unexpectedly soft U.S. inflation reinforced investor expectations that the central bank would pause on raising interest rates for the remainder of this year. Spot gold little changed at $1,307.23/oz at 8:47am in Singapore; prices rose to $1,310.67 on Wednesday, the highest...

Oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production. International benchmark Brent futures were at $71.57 per barrel at 0056 GMT, down 16 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures were at $64.36 per barrel, down 25 cents, or 0.4 percent, from their previous...

The dollar held near two-week lows on Thursday as Federal Reserve minutes reinforced dovish policy expectations while the pound held recent ranges after European leaders extended the deadline for Britain to leave the union, averting a no-deal Brexit. Currency markets are also awaiting a blast of economic data from the world's second-largest economy with March Chinese trade figures due on Friday...

Gasoline futures rallied on Wednesday to mark their highest finish since October, scoring a lift from a hefty decline in weekly U.S. stockpiles, which also provided a boost to oil prices. Traders also digested a monthly OPEC report that showed significant March output cuts by the Organization of the Petroleum Exporting Countries. U.S. benchmark West Texas Intermediate crude for May delivery on...

Gold prices finished higher on Wednesday to tally a fourth straight session gain as concerns of a slowdown in the global economy helped boost investment interest in the precious metal. Prices then moved slightly lower in electronic trading following the minutes of the Federal Open Market Committee's March monetary policy meeting. The majority of meeting participants expected that the evolution...

The euro fell on Wednesday as European Central Bank President Mario Draghi underscored the risks facing the euro zone economy, reinforcing bets on possible further stimulus to prevent the region from slipping into recession. The dollar enjoyed a respite from recent selling as government data showed the biggest one-month jump in U.S. consumer prices in 14 months in March. At 1:00 p.m., the euro...

Oil futures prices firmed early Wednesday, trending back near the five-month closing highs reached earlier this week, as investors digested a monthly OPEC report that showed significant March output cuts by the cartel and its allies. OPECs oil production fell significantly in March on the back of Saudi Arabia-led output curbs and outages in Venezuela resulting from political and economic...

Gold held near the highest since late March after the International Monetary Fund cut its outlook for global growth to the lowest since the financial crisis, boosting demand for haven assets. Also weighing on sentiment is President Donald Trumps latest threat to impose tariffs on $11 billion in imports from the European Union, while trade negotiations with China remain...

PRECIOUS METALS
Gold Futures End Higher as Weekly Jobless Claims Climb to Record
Friday, 3 April 2020 01:29 WIB Gold futures ended higher on Thursday, with the haven metal getting a boost on the heels of a climb in U.S. weekly jobless claims to a record 6.6...
ENERGY
U.S. oil prices settle nearly 25% higher; Trump expects a Saudi Arabia-Russia output cut
Friday, 3 April 2020 01:54 WIB Oil futures rallied Thursday, finding support after President Donald Trump tweeted that he spoke to Saudi Arabia's Crown Prince Mohammed bin Salman,...
CURRENCIES
Dollar strength consolidates as global recession looms
Friday, 3 April 2020 08:50 WIB The dollar edged toward an almost 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening...

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