Good, Bad and Ugly: Decisive Week May Set Course for Currencies
By Ritu Capital Sands The next week could set the tone for the $6.6 trillion-a-day currency market in 2020. The geopolitical risks that have shaped foreign exchange this year — Brexit and the U.S.-China trade war — are approaching a critical point, according to Credit Agricole (PA:CAGR) SA. The U.K. will vote for a government […]
Forex – U.S. dollar Unchanged Ahead of Job Report
By Ritu, Capital Sands The U.S. dollar was unchanged on Friday in Asia as traders awaited the release of the latest U.S. job report, which is due at 8:30 AM ET (13:30 GMT). The U.S. dollar index that tracks the greenback against a basket of other currencies was unchanged at 97.380 by 1:30 AM ET (05:30 […]
OPEC and allies prepare to deepen oil output cuts
By Ritu, Capital Sands OPEC and its allies led by Russia were moving closer on Thursday to agreeing to deeper oil supply cuts next year to support crude prices and prevent a glut, sources from OPEC and its allied producers said. The Organization of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna […]