Archive for the January 10, 2019
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The Australian dollar rose to a three-week high on Wednesday as speculation swirled that Beijing and Washington might be making progress in resolving their trade dispute, lifting Asian share markets and risk sentiment. The talk
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Most emerging Asian currencies rose marginally on Wednesday against a softer dollar as increased optimism that China and the United States might reach a trade deal whetted investor appetites for riskier assets. Officials of the
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Sri Lanka's rupee closed higher on Wednesday as foreign banks sold dollars but political uncertainty dented investor sentiment, dragging the benchmark stock index down to a more than six-week low. The rupee ended at 182.25/40
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Sterling fell against the euro on Wednesday after British Prime Minister Theresa May suffered an early setback to her Brexit plans ahead of a key vote in parliament next week. With less than three months
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Chinese steel futures prices inched up on Wednesday, buoyed by Beijing vowing to introduce policies to strengthen consumer spending and optimism that the months-long US-China trade row is finally coming to an end. China plans
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Asia's gasoline crack flipped into discounts on Wednesday after holding at a premium for eight straight sessions as high supplies across Europe, the United States, Singapore and the Middle East persisted. Copyright Reuters, 2019
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On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,594. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.868billion and the number of lots traded 9,751. Major business
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CBOT soybean March contract is expected to retest a resistance at $9.26-3/4 per bushel, a break above which could lead to a gain to $9.29-3/4. A five-wave cycle from the Dec. 27, 2018 low of
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CBOT March wheat may approach a support at $5.15-1/4 per bushel again, as suggested by its wave pattern and a retracement analysis. The support is provided by the 38.2 percent retracement of the downtrend from
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Copper concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, are forecast to plunge this year because of a lag in output as operations move from open pit to underground mining, a government
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