OPEC again Lowers 2024, 2025 Global Oil Demand Growth View

Makes second cut in 2024 oil demand growth forecast Sees headwinds for China39;s diesel, gasoline demand going forward IEA to publish updated forecasts on Thursday LONDON, Sept 10 Reuters OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for […]
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South African Rand Slips with Dollar in Driving Seat

JOHANNESBURG, Sept 9 Reuters The South African rand slipped against a stronger dollar on Monday, with looming U.S. data likely to dictate currency moves this week. The dollar was up around 0.37 against a basket of global currencies , as markets looked to Wednesday39;s U.S. inflation report for clues about the size of a Federal Reserve rate […]
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Dollar Stable, Yen Wobbles ahead of US Inflation Data

SINGAPORE, Sept 10 Reuters The dollar was steady on Tuesday and the yen inched away from onemonth highs in cautious trading as investors braced for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve next week. A mixed labour report on Friday failed to make a clearcut case on whether […]
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Gold Prices Edge Lower ahead of US Inflation Print

US CPI data due on Wednesday, PPI on Thursday August39;s headline CPI is expected to rise 0.2 on mm basis Traders see 71 chance of 25bps Fed rate cut this month Sept 10 Reuters Gold prices eased on Tuesday, pressured by a firmer dollar, while traders braced for key U.S. inflation figures that could offer […]
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