Euro falls as dollar extends recovery, with focus on Fed minutes

By Tommy Wilkes LONDON, Feb 21 : The euro edged lower on Wednesday as the dollar built on its recovery from last week’s three-year lows, with higher Treasury yields supporting the greenback ahead of minutes of the Federal Reserve’s most recent policy meeting. The single currency fell 0.2 percent against the dollar after trimming some […]

Dollar hits one-week high as focus shifts to Fed, stocks fall

By Ritvik Carvalho LONDON, Feb 21 : The dollar rose to its highest level in a week against a basket of currencies on Wednesday, as investor focus shifted to the minutes of the Federal Reserve’s last policy meeting. World stocks looked set to fall for a third straight day. The dollar index, which measures the […]

Emerging stocks soar, S.African rand steady as budget eyed

By Claire Milhench LONDON, Feb 21 : Emerging equities soared almost 1 percent on Wednesday while South Africa’s rand held steady as investors awaited Finance Minister Malusi Gigaba’s first budget under new President Cyril Ramaphosa. Risk appetite for emerging market assets was fairly robust, with MSCI’s benchmark emerging stocks index lifted by strong gains in […]

Oil dips as US dollar firms, oil production is expected to rise

By Henning Gloystein SINGAPORE, Feb 21 : Oil prices fell on Wednesday, weighed down by the rebound of the US dollar further away from three-year lows hit last week. An expected rise in US oil production also weighed on prices, traders said. US West Texas Intermediate (WTI) crude futures were at $61.32 a barrel at […]

Asian stocks led higher by Japan as dollar extends recovery

By Shinichi Saoshiro TOKYO, Feb 21 : Japanese shares led Asian markets higher after a weak start on Wednesday, with Japanese export focused companies attracting investors as the dollar gained against the yen thanks to US Treasury debt yields hovering near highs not seen in four years. MSCI’s broadest index of Asia-Pacific shares outside Japan […]

Gulf mostly softens, Commercial International Bank buoys Egypt

By Andrew Torchia DUBAI, Feb 20 : Major Gulf stock markets softened on Tuesday, in line with a small pull-back by global bourses and oil prices, but Egypt was buoyed for a second day by strength in its biggest bank. The Saudi stock index rose in early trade but closed 0.3 percent down as Saudi […]