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Oil prices rose to $77 on international markets on Friday, boosted by

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Commodities

Oil prices rose to $77 on international markets on Friday, boosted by

Wibest – Oil and petroleum: Oil barrel spilling crude over US dollar coins and bills.
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On Monday, the WTI oil contracts for May the delivery dropped to

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The Dollar Rises As Rising Inflation Signals Rate Hikes

The U.S. dollar was stuck near a two-month low

The U.S. dollar was near two-month lows as weak economic data reinforced speculation that the Federal Reserve is nearing the end of its tightening cycle. In contrast, the New Zealand dollar jumped after a bigger-than-expected interest rate hike. New

pound coins

The pound up to a new 10-month high

The pound hit a fresh 10-month high against the dollar, while the euro hit a two-month high as the dollar retreated again on market bets that the end of the US rate hike cycle is nearing. Sterling hit $1.2476,

Dollar

The dollar rose against other major currencies

The dollar rose against other currencies as inflation fears resurfaced after major oil producers unexpectedly cut production targets. Traders bet the Federal Reserve will raise interest rates again next term. Sunday’s announcement of targeted production cuts by OPEC and

Wibest - Dollar Remains Firm as Fed Calls for Further Hikes

Dollar Remains Firm as Fed Calls for Further Hikes

The US dollar on Thursday was firm in Asia following the withdrawal of the US Federal Reserve from a more aggressive policy tightening move. This followed when it gave markets the distinct impression of being much less cautious in

yen and Swiss franc on the table

Safe Haven Yen and Franc Rise on Global Concerns

The yen and the Swiss franc gained on Friday, as investors sought refuge in safe-haven assets because of renewed US-China trade tensions and weaker-than-expected data in the top two economies that revived global growth fears. Read more here!

BROKER NEWS

Broker News

Admirals Ends Estonian License Amid Global Consolidation

During the first half of next year, Admirals Group AS, the parent company of FX/CFDs brokerage Admirals, will merge with its Estonian subsidiary, Admirals Markets AS. To accomplish this, the firm will withdraw the subsidiary’s investment company license, which may happen by August of this year. On Thursday, the

dollar

Dollar rose while yen fell. Why’s that?

The dollar held firm after Japan’s new central bank governor said in his first public remarks that it was important to maintain his predecessor’s policy direction by controlling the yield curve. The ten-year Treasury yield edged closer to the 3.415% mark in Friday’s retreating trade over the Easter holiday. Yields remained

The Dollar Rises As Rising Inflation Signals Rate Hikes

The U.S. dollar was stuck near a two-month low

The U.S. dollar was near two-month lows as weak economic data reinforced speculation that the Federal Reserve is nearing the end of its tightening cycle. In contrast, the New Zealand dollar jumped after a bigger-than-expected interest rate hike. New Zealand’s central bank increased interest rates by 50 basis points high of

pound coins

The pound up to a new 10-month high

The pound hit a fresh 10-month high against the dollar, while the euro hit a two-month high as the dollar retreated again on market bets that the end of the US rate hike cycle is nearing. Sterling hit $1.2476, its highest level since June 2022, and was last below that level,

Dollar

The dollar rose against other major currencies

The dollar rose against other currencies as inflation fears resurfaced after major oil producers unexpectedly cut production targets. Traders bet the Federal Reserve will raise interest rates again next term. Sunday’s announcement of targeted production cuts by OPEC and its allies, known as OPEC+, sent oil prices up about 7.5% in

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