By Arathy Somasekhar (Reuters) – Oil prices edged lower on Tuesday, giving up most of the prior session’s gains that followed an announcement by the world’s top exporter, Saudi Arabia, that it would further cut output. futures were down 23 cents, or 0.3%, at $76.48 a barrel at 0020 GMT.…

Investing.com– Gold prices steadied on Tuesday after marking some gains in the prior session, as weak U.S. service sector data weighed on the dollar and fed into bets that the world’s largest economy was cooling.  The yellow metal recovered from over two-month lows after data showed on Monday that the…

Investing.com– Oil prices crept lower in Asian trade on Tuesday as initial optimism over more supply cuts by Saudi Arabia and the OPEC was largely offset by persistent concerns over slowing economic growth and weakening demand. While crude markets initially marked a strong rally in response to more production cuts…

By Saqib Iqbal Ahmed NEW YORK (Reuters) – A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish investors betting on its decline. The dollar is up 2.5% from its recent low against a basket of currencies and stands near its highest level since March. The…

Investing.com — The U.S. dollar climbed higher in early European trade Monday after a healthy jobs report prompted traders to price in a continuation of the Federal Reserve’s hawkish stance. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2%…

By Canan Sevgili (Reuters) -Turkey’s lira extended recent losses, weakening more than 1% against the dollar on Monday, while stocks and dollar-denominated bonds rallied after the appointment of highly-regarded Mehmet Simsek as finance minister. Simsek won markets’ confidence as finance minister and deputy prime minister between 2009-2018 and his appointment…

By Marc Jones LONDON (Reuters) -Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan (NYSE:) said on Monday, although the currency should maintain its long-held dominance for the foreseeable future. The strains of steep U.S. interest rate rises and sanctions that have frozen…

By Karen Brettell NEW YORK (Reuters) – The dollar fell on Monday on news that the U.S. services sector barely grew in May as new orders slowed, ending an initial rally sparked by strong jobs growth. The Institute for Supply Management (ISM) said its non-manufacturing PMI fell to 50.3 last…

By Marcela Ayres BRASILIA (Reuters) – Brazil’s government will partially reintroduce a federal diesel tax this year to pay for leftist President Luiz Inacio Lula da Silva’s plan to bring down the cost of vehicles, Finance Minister Fernando Haddad said on Friday. The plan offers tax credits to manufacturers who…

PARIS (Reuters) – French unions will stage on Tuesday a 14th day of protests against government plans to raise the retirement age to 64, in what could be a final attempt to pressure lawmakers into scrapping a law that is already on the statute books. President Emmanuel Macron’s decision to…