Chinese Yuan Shrugs Off Abysmal Manufacturing, Services Data As Economy Slows
The Chinese yuan recorded modest gains against its US counterpart in the Asian trading session as investors moved on from the latest economic data. After…
Posts Tagged: COVID
Chinese Yuan Weakens After Data Show Post-Pandemic Rebound Slowing
The Chinese yuan weakened in the middle of the trading week after new data suggested that the world’s second-largest economy is not rebounding as much…
US Crude Flirts With $80 As Oil Supplies Fall; Investors Monitor China Reopening
Crude oil futures extended their gains in the middle of the trading week as a larger-than-expected drawdown in domestic inventories supported the energy commodity. Crude’s…
G20 Health, Finance Ministers Start New Pandemic Fund
The COVID-19 pandemic caught the entire world unprepared, leading to rash actions with major long-term consequences just so that people could survive the conditions at…
Chinese Yuan Holds Steady on Weaker Q2 Economic Growth
The Chinese yuan is holding steady against its US counterpart to close out a busy trading week. Asian markets are concentrating on the latest economic…
US Crude Settles Higher on Easing COVID Restrictions in China, OPEC Raising Output
Crude oil futures settled higher on Thursday after Shanghai continud to ease its COVID-19 lockdown. But the gains were capped by the Organization of the…
Crude Oil Settles Lower Amid First US Omicron Case, Supply Withdrawal
Crude oil futures settled the midweek trading session lower after the US confirmed its first omicron variant case. Investors also combed through the latest US…
Crude Oil Pares Massive Gains on Bearish September STEO Report
Crude oil futures are paring some of their massive gains in the middle of the holiday-shortened trading week. US crude prices had been soaring on…