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US Federal Reserve

Gold set for weekly gain as inflation data calms Fed taper fears

Gold prices posted sharp losses last week after the Fed projected rate increases as soon as 2023, prompting a sell-off of non-yielding bullion.

Published 25 Jun, 2021 11:26pm

Markets

Dollar firm as traders brace for US inflation data

In emerging markets, the Mexican peso surged to a two-week high following a surprise benchmark interest rate hike.

Published 25 Jun, 2021 09:38am

Markets

Gold rises in Europe

AMSTERDAM/LONDON: Gold nudged up on Thursday, aided by a slight dip in the dollar, but mixed cues from US Federal...

Published 25 Jun, 2021 04:20am

Markets

Gold prices subdued in Asia

SINGAPORE: Gold prices languished in Asian trade on Thursday as investors tried to grasp mixed signals from US...

Published 25 Jun, 2021 04:20am

Markets

Copper prices slip on US inflation jitters

LONDON: Copper fell for the first time this week on Thursday as mixed signals from the US Federal Reserve triggered...

Published 25 Jun, 2021 04:20am

Business & Finance

Dollar slips in Europe

LONDON: The dollar slipped on Thursday, having spent the week gradually edging away from two-month highs hit after...

Published 25 Jun, 2021 04:20am

Markets

10-year Treasury yield stalls below 1.5pc after Biden infrastructure deal

President Joe Biden's midday announcement that a bipartisan group of Senators had reached a deal to pass an infrastructure bill had little effect on the bond market.

Updated 24 Jun, 2021 11:00pm

Markets

China's yuan weakens as central bank notches eighth straight softer fixing

Spot yuan opened at 6.4790 per dollar and was changing hands at 6.4804 at midday, 56 pips softer than Wednesday's late session close.

Published 24 Jun, 2021 11:52am

Markets

European stocks down

AMSTERDAM/LONDON: European stocks remained below record highs on Wednesday as inflation worries overshadowed data...

Published 24 Jun, 2021 03:36am

Markets

European shares up

AMSTERDAM/LONDON: European shares settled higher on Tuesday as mining and energy stocks benefited from stable...

Published 23 Jun, 2021 04:26am

Business & Finance

Sterling slips, hovering around $1.39

LONDON: Sterling slipped against a slightly stronger dollar on Tuesday as currency markets were driven by last ...

Published 23 Jun, 2021 04:26am

Markets

Brazil's real bucks Latam gloom on hawkish central bank minutes

Brazil's real erased early losses to trade up 0.2%, as central bank minutes showed a 100 basis point hike could be coming at the next meeting to keep inflation in check.
Copper struggled to hold gains, weighing on top producer Chile's peso, while Mexico's peso looked to give back Monday's strong gains, down 0.4%.

Published 22 Jun, 2021 08:07pm

Markets

Dollar-driven sterling drops back below $1.39

The pound hit a two-month low of $1.37865 early on Monday, recovered later in the session, then dipped back down again on Tuesday.

Published 22 Jun, 2021 06:10pm

Opinion

Fed’s ‘big tent’ framework may fray under inflation surge

The US Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving ...