Dollar Weakens as Equities and Treasury Yields Fall

Dollar Weakens as Equities and Treasury Yields Fall

The dollar limped into Thursday’s North American close suffering its biggest one-day loss against the yen since September. Softer U.S. equity prices and lower Treasury yields overshadowed mostly upbeat U.S. economic data that included a significant decline in first time unemployment claims and a pair of buoyant indices on the services sector. The dollar was already on the defensive as the North American session kicked off after China raised its […]

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Crude Recovers To End Higher In U.S.

Crude Recovers To End Higher In U.S.

U.S. crude on the New York Mercantile Exchange rose 0.94 percent to $53.56 a barrel, while global benchmark Brent crude gained 0.76 percent to $56.89 a barrel. U.S. crude oil inventories fell 7.1 million barrels at the end of last week, well beyond the 2.2 million drop seen, as companies cleared supplies for tax purposes at the year end and the higher refining runs prompted a surge in gasoline and […]

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