Major global currencies were steady early on Monday but seemed poised to extend last week's uptrend as the dollar nursed its losses after the Federal Reserve...
SINGAPORE - Major global currencies were steady early on Monday but seemed poised to extend last week's uptrend as the dollar nursed its losses after the Federal Reserve dialled down its hawkish rhetoric.
Tina Teng, a market analyst at CMC Markets in Auckland, expects the trend to sustain through November. Markets also imply around an 80% probability the European Central Bank will be cutting rates by April, while the Bank of England is seen easing in August. The drop in the dollar and yields helped underpin gold at $1,990, within striking distance of the recent five-month peak of $2,009.
Oil and gas stocks have been a roller coaster ride lately, with prices dropping during the pandemic. Then, it rose when supply was tightened, and people began moving around again. The unrest in the...
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