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Reuters

Markets

Gold jumps in New York trade

NEW YORK: Gold climbed more than 1% on Friday as the dollar retreated to a near three-week low and increased bets ...
Published 10 Oct, 2020 03:02am
Business

Aussie rises, kiwi down

SYDNEY/WELLINGTON: The Australian dollar is poised to end the week in positive territory on Friday, strengthened by...
Published 10 Oct, 2020 03:02am
Business

Sterling tests $1.30

LONDON: Sterling rose against a weaker dollar on Friday, briefly testing the key $.130 level, and was set for a...
Published 10 Oct, 2020 03:02am
Yields tick up after Trump about-face on stimulus
Markets

Yields tick up after Trump about-face on stimulus

  • Trump made the remarks Friday after reports suggested the White House was preparing to raise its offer for an aid deal to $1.8 trillion from $1.6 trillion.
  • The potential for a more significant breakout will be limited by the proximity to the election.
Published 10 Oct, 2020 01:38am
Speculators cut short dollar bets to lowest since July
Markets

Speculators cut short dollar bets to lowest since July

  • US dollar positioning was derived from contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, and Swiss franc.
  • The speculative community has short the dollar since mid-March.
Updated 10 Oct, 2020 03:08pm
IMF chief sees $345bn financing gap for African states
World

IMF chief sees $345bn financing gap for African states

  • IMF Managing Director Kristalina Georgieva told a conference that African states had spent an additional 2.5% of gross domestic product.
  • The pandemic will not be over anywhere until it is over everywhere," Georgieva said.
Published 10 Oct, 2020 12:52am