Asian stocks at record highs as Biden inauguration lifts stimulus hopes
SHANGHAI/NEW YORK (Reuters) – Asian stocks rose to new record highs on Thursday, tracking U.S. markets as investors hoped for more economic stimulus from newly inaugurated U.S. President Joe Biden to offset damage wreaked by the COVID-19 pandemic. Republicans in the U.S. Congress have indicated they are willing to work with the new…
Dollar on back foot as Biden optimism bolsters riskier currencies
By Kevin Buckland TOKYO (Reuters) – The dollar held losses versus most major peers on Thursday as optimism that a massive U.S. stimulus package under the new Joe Biden administration will bolster growth sapped demand for safe-haven currencies. Riskier commodity currencies remained higher after U.S. stocks rose to new records overnight as Biden,…
Oil extends gains on hopes of U.S. stimulus and crude stocks drawdown
By Sonali Paul MELBOURNE (Reuters) – Oil prices rose in early trade on Wednesday, adding to solid gains overnight, on expectations the incoming U.S. administration will go ahead with massive stimulus spending that would boost fuel demand and draw down crude stocks. U.S. West Texas Intermediate (WTI) crude futures climbed 23 cents, or…
Dollar slips as U.S. stimulus hopes lift mood
By Tom Westbrook SINGAPORE (Reuters) – The U.S. dollar nursed losses on Wednesday and the euro hung on to gains as investors’ mood brightened in the wake of a better-than-expected sentiment survey in Germany and big spending talk from U.S. Treasury Secretary nominee Janet Yellen. Yellen’s comments, urging lawmakers to “act big” on…
EUR/USD offered below 1.2100 amid risk-off mood, Italian politics, virus updates in focus
By Anil Panchal EUR/USD stays heavy near the lowest in six weeks. EUR/USD remains depressed around 1.2070, down 0.05% intraday, while heading into the European session open on Monday. Eurogroup meeting, Italian CPI will decorate the calendar amid US off. The rising coronavirus (COVID-19) numbers push Rome towards stricter activity restrictions starting from…
Gold Price Analysis: XAU/USD bounces off seven-week low but 200-day SMA probe buyers
By Anil Panchal Gold refreshes intraday high after taking a U-turn from the lowest since December 01, 2020. Failures to break medium-term support line directs buyers towards 200-day SMA. Bearish MACD favor gold sellers, last week’s top add to the upside barriers. Gold takes the bids near $1,832, up 0.29% intraday, during early…
Yen gains, euro squeezed as recovery doubts creep in
SINGAPORE (Reuters) – The dollar clung to gains on Monday and the Japanese yen edged higher as softening U.S. economic data and rising global coronavirus cases kept investors cautious, while lockdowns and Italian political turmoil held the euro under pressure. The euro dipped to a six-week low of $1.2066 in Asia and fell…
Investor Gathering at Siam Reap City
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