New york: The dollar rose slightly against the euro and yen, but remained within striking distance of last Friday’s lows, after weak US jobs data reinforced expectations of a Federal Reserve rate cut and triggered a sharp sell-off in the dollar.
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Doha: Gold nudged higher for a fourth session on Tuesday, supported by a softer dollar and lower Treasury yields as weaker-than-expected US jobs data strengthened expectations of a rate cut in September. Spot gold was up 0.1% at $3,375.89 per ounce. U…
Doha: Crude oil prices held steady on Tuesday following three consecutive days of declines, as traders weighed concerns over potential oversupply and geopolitical risks affecting Russian crude exports. Brent crude futures remained unchanged at $68.76 …
Doha: South Korea’s foreign reserves rose for the second consecutive month in July, led by increased investment returns and new issuance of foreign exchange stabilization bonds, the South Korea’s central bank said Tuesday. The country’s foreign reserv…