The euro hit a fresh four-month peak against the dollar on Tuesday on hopes a German defense spending deal could be reached by the end of the week, while the dollar index slumped to its lowest since October on U.S. recession fears. German Green Party co-leader Franziska Brantner said in an interview with Bloomberg News that her party was ready to negotiate a deal to boost state borrowing to boost defense spending and revive growth. That lifted the euro to $1.09205 against the dollar in early European trading, its highest since November. It was last up 0.7%. "The market really liked the...
Gold prices rose on Tuesday, supported by safe-haven inflows as trade war concerns dampened risk sentiment in broader markets, while attention was on US inflation data. Spot gold rose 0.8% to $2,912.88 an ounce by 1031 GMT after hitting its lowest since March 3 in the previous session. US gold futures rose 0.6% to $2,917.90. The dollar index (.DXY), opens a new tab, hit a four-month low, making bullion cheaper for overseas buyers. US President Donald Trump's volatile trade policies — imposing and delaying tariffs on Canada and Mexico, while raising duties on Chinese goods — have rattled...
Oil prices rose 1% on Tuesday, helped by a weaker U.S. dollar, although gains were capped by growing concerns about a U.S. slowdown and the impact of trade tariffs on global economic growth. Brent crude futures were up 73 cents, or 1.05%, at $70.01 a barrel by 1116 GMT after falling in early trading. U.S. West Texas Intermediate crude futures were up 66 cents, or 1%, at $66.69 a barrel after also falling earlier. Both benchmarks closed 1.5% lower in the previous session. The dollar index (.DXY), opens new tab , hit a four-month low, making oil cheaper for overseas buyers. Investors are...