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Dollar eases as oil prices fall on pause in Middle East conflict
NEW YORK, July 27 : The dollar traded with a softer tone against the euro and the yen on Monday as a pause in U.S. bombing in Iran sent oil prices lower and bolstered risk appetite ahead of a busy week of central bank meetings.The euro rose as much as 0.4 per cent before paring…
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Dollar softer as oil slumps on pause in Middle East conflict
NEW YORK, July 27 : The dollar eased against major currencies on Monday as a pause in U.S. bombing in Iran sent oil prices lower and lifted risk appetite ahead of a busy week of central bank meetings.The euro rose 0.1 per cent to $1.1374, while the U.S. dollar slipped 0.1 per cent to 163.69…
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Pakistan’s central bank holds key policy rate at 11.5%
KARACHI, July 27 : Pakistan’s central bank held its key policy rate at 11.50 per cent on Monday, the bank’s governor told reporters, as U.S.-Iran hostilities threaten to push up energy costs and inflation in the import-dependent country.The central bank decision comes weeks after the collapse of a ceasefire a
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Dollar retreats as oil slumps on pause in Middle East conflict
July 27 : The dollar dropped against other major currencies on Monday, as a pause in U.S. bombing in Iran dragged oil prices lower and lifted risk appetite ahead of a busy week of central bank meetings.Against the yen, the U.S. dollar was down 0.1 per cent at 163.645 yen, on course for its sharpest…
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Shares, bonds bounce as oil skid offers inflation relief
SYDNEY, July 27 : Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices sharply lower, easing inflation risks and boosting bonds ahead of a packed week of central bank meetings and corporate earnings.Iran said on Sunday it would halt its own attacks as long as the…
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Yen set for biggest weekly drop in over two months
July 24 : The dollar was on track for its biggest weekly gain since mid-June, buoyed by the rise in oil prices, while the yen was poised for its largest weekly percentage decline in more than two months as the currency languishes at 40-year lows despite Japan’s pledges to stabilise the currency.Verbal efforts
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Stocks claw back some losses; yields hold near highs as inflation fears linger
July 24 : Global bond yields hovered near multi-decade highs on Friday as high oil prices stemming from the Middle East conflict stoked concerns about inflation and rate hikes, while U.S. and European shares edged above this week’s lows.News that the U.S. administration will impose higher tariffs on goods fro
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Oil retreats from above $100, but set for weekly rise on Middle East escalation
LONDON, July 24 : Oil futures prices fell over 3 per cent on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran. Brent futures fell nearly $4, or 3.96 per cent, to $96.70…
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World stocks head for weekly fall, yields at multi-decade highs as oil fuels inflation fears
July 24 : World stocks were headed for a weekly loss and long-dated bond yields hovered around multi-decade highs on Friday, as a near-40 per cent rise in oil prices this month due to the intensifying conflict in the Middle East ignited inflation fears and expectations for rate hikes around the globe.MSCI’s a
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Yen heads for biggest weekly drop since May despite Tokyo’s support pledges
July 24 : The yen was on course for its steepest weekly decline since May on Friday, capping a turbulent stretch that has sent the currency to new 40-year lows versus the dollar despite Japan’s pledges to stabilise the currency.Verbal efforts to support the yen have had limited effect, and some analysts belie
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