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WTI crude oil traded at the highest price since October 2014
OIL WTI crude oil traded at the highest price since October 2014 this Wednesday, rising above the $87 a barrel mark as worries continue to grow over shortages in supply and political unrest. The latest gains result from an outage on a pipeline in Turkey, which transports oil from Iraq, and geopolitical instability, following a[…]
The yen lost ground to the dollar following Bank of Japan’s current dovish stance
FOREX The Japanese yen lost ground to the US dollar during early Tuesday trading, following the decision by the Bank of Japan to maintain its current dovish stance. As had been expected the BoJ stood firm in its resolve to keep in place its very accommodative monetary policy – a stance that contrasts with that[…]
The dollar is losing ground following a surprise rate cut by the Chinese Central bank
FOREX The US dollar started the week on the back foot, following a surprise rate cut by the Chinese Central bank, which boosted risk related assets. The move by the PBOC offered support to risk related currencies, in a dynamic that penalized the dollar, seeing it lose ground to its peers, with the exception of[…]