TOKYO (Reuters) – The dollar edged lower on Monday amid speculation that U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this…
Oil prices eased slightly on Monday on concerns that a resurgence of coronavirus infections in India and Japan, the world’s third and fourth largest oil importers, would cut fuel demand in Asia.
Asian stocks rose on Monday with Chinese shares near three-week highs as signs the world economic recovery was well on track bolstered risk appetite, while the U.S. dollar slipped to a two-month low.
The dollar was down on Friday morning in Asia, caged into a narrow trading range as investors await a U.S. Federal Reserve meeting in the following week.
Gold was up on Friday morning in Asia and was set to record a third consecutive weekly gain, as the dollar weakened and U.S. Treasury yields fell.
Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India’s raging second wave of COVID-19 cases kept a lid on gains.