Forex Market News

Forex Market News

Crude weaker in Asia after API estimates, official data awaited

Investing.com - Investing.com - Crude held weaker in Asia on Wednesday after industry estimates on U.S. crude inventories painted a mixed picture with a larger than expected draw in oil stocks, but gasoline supplies up again and official data was awaited. On the New York Mercantile Exchange crude futures for August delivery dipped 0.21% to $43.42 a barrel, while on London's Intercontinental Exchange, Brent eased 0.26% to $45.90 a barrel. Overnight, crude futures settled at a seven-month low on Tuesday, on concerns about an uptick in global production. Sentiment on oil remained negative for the second-consecutive session, as investors continued to doubt Opec ...

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Gold gains in Asia on views for 3rd Fed hike this year

Investing.com - Investing.com - Gold rose in Asia on Wednesday with Fed views on rate hikes for the rest of the year in focus with some expectations that inflation is not strong enough for a third hike this year as forecast. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose 0.29% to $1,247.13 a troy ounce. Overnight, gold prices remained subdued on Tuesday, as the dollar continued to advance amid rising expectations that the Federal Reserve would hike interest rate by the year-end. Gold futures continued to trickle lower, as a growing number of market participants ...

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Asian shares most weaker after MSCI include China, Shanghai gains

Investing.com - Investing.com - Shares in Asia traded mostly weaker on Wednesday after MSCI's decision to add mainland Chinese stocks to its emerging markets index gradually and as oil prices slipped around 2% overnight. Markets in greater China were mixed following MSCI's decision to include A-shares. The Hang Seng Index fell 0.93%, but mainland markets made modest gains with the Shanghai Composite up 0.18% and the Shenzhen Composite edged higher by 0.12%. Japan's The Nikkei 225 declined 0.26% and South Korea's Kospi fell 0.71%. Australia's benchmark S&P/ASX 200 index tumbled 1.33%, dragged lower by its energy and materials sub-indexes which were down 2.25% ...

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PBOC sets yuan parity at 6.8193 vs dollar

Investing.com - Investing.com - The People's Bank of China set the yuan mid-point at 6.8193 against the dollar on Wednesday, compared to the previous close of 6.8295. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate. Market watchers see a yuan level of 7 against the dollar, USD/CNY, as a key touchstone for sentiment in the near term.

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Peru stocks lower at close of trade; S&P Lima General down 0.68%

Investing.com - Investing.com – Peru stocks were lower after the close on Tuesday, as losses in the Mining, S&P Lima Juniors and Industrials sectors led shares lower. At the close in Lima, the S&P Lima General fell 0.68% to hit a new 1-month low. The best performers of the session on the S&P Lima General were Austral Group SAA (LM:AUG), which rose 5.93% or 0.080 points to trade at 1.430 at the close. Meanwhile, Corporacion Aceros Arequipa SA (LM:ARE) added 1.51% or 0.010 points to end at 0.670 and ENGIE Energia Peru SA (LM:ENGI) was up 0.63% or ...

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