LONDON: Oil hit a three-week high on Tuesday as China‘s latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming from cuts to US energy production caused by winter storms. China will stop requiring inbound travellers to go into quarantine, starting from January 8, the National Health Commission said
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Canadian Dollar is taking a pole position in quiet markets today. Overall picture is mixed, as other commodity currencies of Aussie and Kiwi are both losing some momentum. Dollar is turning slightly stronger, except versus Loonie. Sterling faced some selloff in early part of European session, but Euro is following later. The more persistent move
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Despite a bit of a setback over the past few weeks, markets are arguably still sticking with their guns as we look towards next year. It is very much a case of nobody wants to buy what the Fed is selling – at least in terms of pricing and rates. That doesn’t bode well for
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Mumbai, The rupee appreciated 17 paise to close at 82.65 (provisional) against the US dollar on Monday, tracking positive domestic equities and the weakening of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 82.79 and touched an intra-day high of 82.63 and a low of
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