EghtesadOnline: Stocks fluctuated and bonds advanced amid a cautious start to the week for markets, with the euro and dollar slipping as President Donald Trump tackled trade on his Asia tour. A crackdown on corruption in Saudi Arabia spurred oil.
EghtesadOnline: Unenthusiastic about trading oil in the US dollar and South Korea's won, Iran wants more euro payments for the crude oil it sells to South Korea, Oil Minister Bijan Namdar Zanganeh said, signaling that Tehran supports a growing interest in moving away from dollar as the international currency in oil market.
EghtesadOnline: Euro zone’s trade surplus shrank in August as the stronger euro fueled an import boom that was only partly offset by a rise in exports, official estimates released on Monday showed.
EghtesadOnline: Stocks in Europe nudged higher, led by miners, as gains in oil and copper drove Bloomberg’s gauge of commodity prices to a six-month high. The euro weakened and Spanish shares fell after Spain’s government gave Catalonia a new deadline to back down from its independence claim.
EghtesadOnline: In line with Central Bank of Iran’s policy of ditching the US dollar in favor of the euro, Iran’s ambassador to Colombo has called on Sri Lankan banks to trade with Iran in the European Union’s single currency.
EghtesadOnline: Iran and Turkey have signed a draft agreement to carry out trade activities based on their own local currencies instead of traditional foreign currencies such as the euro and the dollar.
EghtesadOnline: Politics dominated trading on Monday, with the euro sliding as Germany’s election result foreshadowed potentially complex political-coalition building. Gold fell as West Texas crude retreated.
EghtesadOnline: U.S. stocks slid as investors weighed the impact of the Republican tax proposal that would dramatically cut levies on corporations and the wealthy. Politics dominated trading in Europe, with the euro sliding after the German election, giving European stocks a boost.
EghtesadOnline: The dollar was buoyant against the yen on Wednesday, although it was capped against the euro with a potentially supportive spike in U.S. yields neutralised by a similar move by their German counterparts.
EghtesadOnline: Reduced expectations for another U.S. Federal Reserve interest rate hike this year helped drive down the dollar to its lowest in more than 2-1/2 years on Friday and kept gold near a one-year high.