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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Oil edged lower after its biggest drop in almost two weeks as swelling U.S. crude stockpiles and a surge in coronavirus cases across the nation raised concerns about demand in the worlds largest economy. Futures in New York dropped below $38 a barrel after losing 5.9% Wednesday as American crude inventories rose for a third straight week. New infections reached daily records in Florida,...

A gauge of the dollars strength climbed for a second day as concern about a spike of infections in the U.S. boosted the greenbacks haven appeal. Treasuries rose and U.S. stock futures retreated as California, Florida and Texas each hit records for new cases Wednesday, while Arizona reached a peak in hospitalizations. A downgrade in the International Monetary Funds global...

Oil edged lower after its biggest drop in almost two weeks as swelling U.S. crude stockpiles and a surge in coronavirus cases across the nation raised concerns about demand in the worlds largest economy. Futures in New York dropped below $38 a barrel after losing 5.9% Wednesday as American crude inventories rose for a third straight week. New infections reached daily...

Gold held near the highest level in more than seven years as a resurgence in coronavirus cases in multiple U.S. states spurred a flight from riskier assets and lifted haven demand, with the dollar also getting a boost, capping gains in the precious metal. Asian stocks dropped after a tumble on Wall Street amid signs of the worsening outbreak across the U.S., with states including Florida,...

Oil futures ended lower on Wednesday, with U.S. prices losing nearly 6% as concerns over the possibility of new lockdowns on the heels of significant gains in COVID-19 cases in some parts of the U.S. dulled the outlook for energy demand. The recent decline in oil prices "remains heavily influenced by demand-side dynamics" despite efforts by the Organization of the Petroleum Exporting Countries...

Gold futures finished lower Wednesday, as the U.S. dollar strengthened, with the precious metal pulling back a day after their highest finish since 2012, but a retreat in equities amid reports of rising coronavirus cases in many U.S. states helped to limit losses for the safe haven asset. August gold fell $6.90, or 0.4%, to settle at $1,775.10 an ounce, after spending the day trading between a...

The pound fell against the dollar on Wednesday, as fears of a second wave of coronavirus infections and news the United States is reviewing tariffs on European products curbed global risk appetite and boosted demand for the safe U.S. currency. The dollar rose after the United States said it was considering tariffs on $3.1 billion (£2.5 billion) of exports from Britain, France, Germany and...

Gold futures headed higher for a fourth straight day on Wednesday, pushing the precious metal toward its highest level since 2011 near $1,800 as equities retreated, amid reports of rising coronavirus cases in many U.S. states and the renewal of a threat of import tariffs on Europe and Canada by the Trump administration. Bullion has been gaining momentum even as stocks have been buoyant in the...

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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