Post Tagged with: "dollar"

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

From Reuters


Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.…

The Pound Falls as U.K. Conservatives Lose Majority; Brexit Questions Arise

The Pound Falls as U.K. Conservatives Lose Majority; Brexit Questions Arise

PM Theresa May’s snap election backfires in the U.K., weakening the pound; dollar strengthens; oil drops

A snap election in the U.K resulted in a hung parliament, weakening the governing Conservative’s position ahead of Brexit. Conservatives won 318 seats with …

Japan’s 20-year Government Bonds Go Negative for the First Time

Japan’s 20-year Government Bonds Go Negative for the First Time

Concerns over Brexit continue to send investors to the yen

The yield on Japan’s 20-year government bond fell below zero for the first time ever today as investors flee the pound sterling and the euro in the wake of Brexit. …

Could the Reaction to a Strong Yen Push Oil Lower?

Eyes of the World Should be on the BOJ

As the markets tread into the ‘post-Brexit’-world after the UK voters cast in favor of the United Kingdom leaving the European Union, the chips are beginning to fall and countries half …