Author of daily news

Michal Wieczorek
Dollar falls but places near multi-month highs

The dollar fell in Asian trade on Monday but lingered near its strongest level since early April 2021 versus the euro. Investors are now anticipating the U.S. Federal Reserve’s new policy decision set to be released on Wednesday. The U.S. Dollar Index that measures the greenback against other major currencies tallied a 0.07% crash to…

South Korea shows biggest economic growth in ten years

South Korea’s economy grew faster on an annual basis in the second quarter, achieving its fastest year-on-year growth in a decade driven by strong export demand and investment. The country’s economy is projected to have grown at its fastest pace since the fourth quarter of 2010 despite a slowdown from a solid rise at the…

Oil steady, above $71 amid tighter market outlook

Oil remained steady and held the bulk of a three-day advance, trading above $71 as confidence that the increasing demand will tighten the global market takes hold. West Texas Intermediate dropped 0.3% in early Asian trading, putting a stop to its over 8% rally in the previous three sessions. The previous sessions’ gains mean that…

Gold down, hampered by strengthening dollar, investor risk appetite

Gold dropped on Thursday morning in Asia, hovering near a one-week low. A recovering dollar and investors’ increased risk appetite both factored in lessening the safe-haven asset’s appeal to investors. Gold futures dipped 0.20% to $1,799.00 by 1:21 AM ET (5:21 AM GMT) after dropping to its lowest level since July 12 in the last…

Gold up as COVID-19 concerns mount

Gold rose on Tuesday morning in Asia as worries about the COVID-19 Delta variant outbreak in various countries gave the yellow metal’s value a lift. Gold futures climbed up 0.51% to $1,818.50 by 1:05 PM ET (5:05 AM GMT) following its one-week low of $1,794.06 in the last session. The dollar, typically moving inversely to…