US Crude Soars 9% As Market Bets on OPEC+ Production Cuts
Crude oil futures surged at the end of the Wednesday trading session as traders are betting that oil-producing nations will slash output until June. Oil…
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Mexican Peso Struggles for Direction As AMLO Extends Aid to Energy Sector, SMBs
The Mexican peso is struggling for direction this week as the government announced a flurry of stimulus measures to shore up the economy in the…
New Zealand Dollar Rallies As Central Bank Adds Local Debt to QE Stimulus
The New Zealand dollar is rallying on Tuesday on several bullish factors, including the coronavirus potentially subsiding the central bank coming to the rescue of…
Wheat Slides 1% on Good US Crop Conditions
Wheat futures slipped more than 1% on Tuesday after the US government’s assessment of farmers’ crops were better than what analysts expected. Wheat prices enjoyed…
Chinese Yuan Mixed As PBoC Cuts RRR to Help Small Business
The Chinese yuan is mixed on Monday after the People’s Bank of China (PBoC) announced that it would be lowering the amount small banks are…
Soybeans Settle Higher Despite Oversupply Concerns
Soybean futures are settling slightly higher to start the holiday-shortened trading week, though it was a sideways session. Oversupply concerns are hanging over the agricultural…
Gold Jumps on Bleak US Jobs Report, Capped by Dollar Strength
Gold futures settled higher to close out the trading week on a bleak US jobs report, recording a commendable weekly gain. A strengthening US dollar…
Swiss Franc Gains Amid SNB’s $1.27 Billion Liquidity Injection
The Swiss franc is gaining against its major currency rivals at the end of the trading week as investors continue to seek refuge in the…