Oil Rises on Weak Dollar, OPEC Output Cut Expectations

SINGAPORE, Nov 28 Reuters Oil prices rose on Tuesday, supported by a weak dollar and expectations that the OPEC producer group would deepen and extend output cuts due to concerns over subdued demand. Brent crude futures were up 57 cents, or 0.7, to 80.55 a barrel at 0845 GMT, on track to snap a fourday […]
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Rupee Stands Pat; Equity Flows, US Data Watched

MUMBAI, Nov 28 Reuters The Indian rupee was unresponsive to strength in its Asian peers on Tuesday and hovered in a tight range to kick off the last trading week of November. The rupee was at 83.3825 as of 1035 a.m. IST, little changed from its close at 83.3675 on Friday. Indian markets were shut […]
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Soft China, India may Undermine Golds Rally Hopes Russell

LAUNCESTON, Australia, Nov 28 Reuters The spot price of gold has climbed to a sixmonth high, buoyed by hopes that monetary tightening in western countries is largely done and dusted. While signs that the U.S. Federal Reserve and other western central banks have finished increasing interest rates are a definite positive for the precious metal, […]
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Dollar Slips to MultiMonth Low as Traders Eye PCE Data

TOKYO, Nov 28 Reuters The U.S. dollar ticked down to a threemonth low against peer currencies on Tuesday after slipping overnight on weakerthanexpected new home sales data, while traders hunkered down on bets that the Federal Reserve could start cutting interest rates in the first half of next year. U.S. new home sales fell 5.6 […]
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