Crude Logs Weekly Loss As Chinese Outbreak, Baker Hughes Oil Rig Count Weigh on Prices
Crude oil futures joined the broader commodities market selloff to close out the second trading week of 2021. After an incredible start to the new…
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USD/INR Rises As Rupee Fails To Benefit From Strong Trade Data
The Indian rupee pared its modest weekly gain against its US counterpart on Friday as investors poured into the greenback. The rupee failed to generate…
Palladium Spikes on China’s New Emission Standards, Weaker US Dollar
Palladium futures topped the crucial psychological level of $2,400 on Thursday, buoyed by optimism over the global economic recovery and the automobile market in the…
USD/CAD Slides As Initial Jobless Claims Hit Five-Month High
The US dollar weakened against its Canadian counterpart toward the end of the week as the broader financial markets popped in afternoon trading. The US…
US Crude Eases on Smaller-Than-Expected Supply Drawdown, COVID-19 Fears
US crude oil futures are trading lower in a choppy Wednesday session, despite the US government reporting a decline in domestic inventories. Crude oil prices…
Turkish Lira Extends Bullish Start to 2021 on Higher Retail Sales, Industrial Output
The Turkish lira is maintaining its impressive start to 2021 in the middle of the trading week, buoyed by positive economic data. Since November, the…
Corn Soars Past Six-Year High on First USDA Grains Report of 2021
Corn futures settled at their best levels in about six years on Tuesday after the US government published its first grains report of 2021. Corn…
USD/INR Falls As Investors Pour Into Emerging Market Currencies
The Indian rupee is strengthening against its US peer as investors exited the greenback on Tuesday. But disappointing economic data placed a cap on a…