The Australian Dollar looks set to extend losses against its lower-beta counterparts. However, the currency may continue pushing higher against its trans-Tasman counterpart. AUD/USD, AUD/NZD, AUD/C…
The US Dollar looks most poised to rise versus the Thai Baht and Philippine Peso on bullish technical developments. USD/SGD and USD/IDR look more restrained following recent gains.
USD/MXN pushed lower as the Peso strengthened following a slightly less dovish Banxico rate decision. Meanwhile, traders continued to monitor the situation at the Suez canal.
Oil market executives offered their insights into the current state of the oil markets, the post-pandemic oil demand recovery, and the future of oil markets through the rest of 2021 and beyond.
Crudeoil futures were under renewed pressure Thursday as worries over rising COVID19 cases in major oilconsuming countries outside the U.S. underlined worries over the energy demand outlook. Traders kept an eye on the progress of moving a ship that blocks the Suez Canal, which has led to a halt in shipping through one of the worlds […]
March 25 Reuters South Africas rand pared early gains on Thursday after the central bank kept interest rates unchanged, while a stronger dollar put an index of emerging market currencies on track for its longest losing streak this year. The rand was up 0.2 as the South African Reserve Bank SARB kept its key lending […]
Fewer than expected Americans filed new claims for unemployment benefits last week as economic activity rebounds after weatherrelated disruptions in February, but it would likely take years for the labor market to fully recover from the pandemics scarring. Initial claims for state unemployment benefits totaled a seasonally adjusted 684,000 for the week ended March 20, […]