The U.S. dollar rose on Tuesday, pulling back from a six-week low against the euro, even as investors remained concerned about potential economic damage from the trade war waged by President Donald Trump's administration. "We had a big selloff in the dollar and we have it bouncing back a bit today ... I don't think there has been a lot of fresh news to say the dollar has turned in any kind of meaningful way," said Marc Chandler, chief market strategist at Bannockburn Global Forex LLC. The dollar was up 0.7% against the yen at 143.73. The euro fell 0.5% to $1.1386, having briefly touched a...
Oil prices rose about 2% on Tuesday to their highest in two weeks, as persistent geopolitical tensions between Russia and Ukraine and the U.S. and Iran appeared likely to keep sanctions on Russia and Iran in place longer. Brent crude futures rose $1.11, or 1.7%, to settle at $65.74 a barrel by 11:21 a.m. EDT (1521 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.17, or 1.9%, to settle at $63.69. That put Brent on track for its highest close since May 14 and WTI on track for its highest close since May 13. "The risk premium has returned to oil prices after Ukraine's deep...
Gold prices pared some of their gains on Monday as they fell more than 1% on Tuesday (03/6) following jobs data from the United States (US), which revealed that the labor market remains tight. At the same time, the overall strength of the greenback weighed on the non-yielding metal. XAU/USD was trading at $3,348 after hitting an intraday high of $3,392. Investors' mood turned optimistic after the release of the latest US Job Openings & Labor Turnover Survey (JOLTS), which showed that job openings rose sharply in April. The data was positive, ahead of a busy week of much-anticipated jobs...