Asia FX Slammed By China COVID Spike, Russia-Ukraine Woes
most Asian currencies slumped on Monday, with the yuan hit especially hard as China logged a record jump in daily COVID cases, while the dollar benefited from safe haven demand amid fears of a potential escalation in the Russia-Ukraine conflict. The yuan slid 0.6% to a 10-day low, while its offshore counterpart shed 0.7% as […]
Oil edges up but set for weekly fall on Iran nuclear talks
By Administrator_ India Capital Sands Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on talks to revive a 2015 nuclear deal. Brent crude futures for July rose 8 cents, or 0.1%, to $65.19 […]