U.S. dollar – The News Desk

27Nov

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Argentina's Big Dollarization Risk

The country needs a hard currency, but finding the real peso-dollar market rate could be painful.

Gold Prices Rise as Weak US Economic Data Spurs Fed Rate-Hike Reassessment

Last Updated: July 05, 2023, 02:13 ISTNew York, United States of America (USA) Previous flare-ups also benefited the U.S. dollar, reducing demand for gold. Spot gold rose 0.4% to $1,928.09 per ounce by 09:31 a.m. EDT (1331 GMT), with trading volumes likely thinned by a U.S. holidayGold prices edged higher on Tuesday as some traders bet that recent weak U.S. economic data may prompt the Federal Reserve to rethink its rate-hike trajectory, while also awaiting further cues from the minutes of the central bank’s last meeting.Spot gold rose 0.4% to $1,928.09 per ounce by 09:31 a.m. EDT (1331 GMT), with trading volumes likely thinned by a U.S. holiday.U.S. gold futures gained 0.3% to $1,935.90.“Weaker-than-expected U.S. economic data released on Monday, including PMIs, have supported gold. Mar...

Oil Rallies as Grain Markets Tighten, Dollar Falls on Fed Chair Comments

Last Updated: June 22, 2023, 05:08 ISTA cheaper greenback makes dollar-denominated oil more attractive for investors holding other currencies, raising demand. (Image: Reuters File)Brent futures rose $1.22, or 1.6%, to settle at $77.12 a barrel, while the U.SOil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls around the globe could lower biofuels blending and increase oil demand.Brent futures rose $1.22, or 1.6%, to settle at $77.12 a barrel, while the U.S. West Texas Intermediate (WTI) crude futures rose $1.34, or 1.9%, to settle at $72.53 a barrel. Both contracts hit two-week highs earlier in the session.Chicago Board of Trade corn futures rose 5.2% on Wednesday after a government report sh...