The dollar gained on Wednesday as traders reduced their bets on the Federal Reserve cutting interest rates soon in the wake of strong U.S. consumer spending statistics and as a result of the safe-haven status of the dollar under the threat of a U.S. government default. Although nothing is finalized yet, negotiations between Republican senior…
The U.S. debt ceiling uncertainty and resurrected concerns for a regional banking crisis in the United States limited advances in the early Asian trading on Friday as traders covered short positions in anticipation of the weekend. In the morning session, Brent crude futures were up 36 cents, or 0.5%, to $75.34 per barrel. To reach…
Oil prices fell for the third day in a row on Wednesday, as investors worried about the impact on fuel demand from rising global economic threats and increasing COVID-19 regulations in China. Brent crude futures had fallen 51 cents, or 0.5%, to $93.78 per barrel. West Texas Intermediate crude in the United States was trading…
