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Dollar Borrowing Costs Rise as Euro, Yen Fall

LONDON, April 28 Reuters Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its highest levels in two decades. The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan […]
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Europe Traders have Started to Pay for Gas in RUB Sources

April 28 Reuters Some European traders have started to pay Russia for gas sales in roubles, while large clients have yet to do so, two sources familiar with the matter told Reuters on Thursday. Several traders, maybe more than five, have started payments, one source said on condition of anonymity because they were not authorised […]
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Oil Prices Fluctuate in Face of Supply and Demand Concerns

LONDON, April 28 Reuters Oil prices dipped but were trading in and out of positive territory on Thursday as investors weighed up tightening Russian supplies and the prospect of dwindling fuel demand in China. Brent crude futures were down 63 cents, or 0.6, at 104.69 a barrel by 1129 GMT. U.S. West Texas Intermediate crude […]
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Full Steam ahead for the Dollar

The currency market has gone a little crazy. Key currency pairs with the dollar have reached significant round levels, attracting attention, and the extent of US currency appreciation continues to pick up speed. EURUSD on Thursday morning fell to 1.05, the last intermediate round level before parity. However, the 1.06 that the bears took yesterday […]
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