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Sterling edged lower in light trading on Tuesday, losing momentum due to a stronger dollar driven by economic disparities among developed nations.
Oil prices surged Tuesday, up over a dollar, driven by Russian production cuts and refinery attacks, signaling tighter supply ahead.
Asian stocks remained stable after the S&P 500's strongest weekly surge in 2024. The semiconductor index surged, driven by ongoing AI optimism.
Sterling hit a 2024 high against the Swiss franc after the SNB's surprise rate hike, marking the first major central bank to ease policy.
Gold hit a record high Thursday after the Fed kept rates steady as anticipated, signaling potential for three cuts this year.
On Wednesday, the euro reached its highest level against the Swiss franc since late November. Yield differentials now eclipse past inflation fears.
Asian shares dipped slightly while Wall Street's key indexes surged, led by megacap tech firms like Alphabet and Tesla.
Oil prices rose in early Asian trading, building on last week's 4% gain due to tightening supply amid rising geopolitical tensions.
AUD hit a one-week low on Friday. RBA to keep key rate unchanged till September as per Reuters poll, with at least 2 cuts expected in Q4.
Oil prices are nearing a 4-month peak. Surging 3% on Ukraine's attacks on Russian refineries, an unexpected drop in US crude inventories.
Gold prices fluctuated Wednesday, down 1% due to rising Treasury yields. The CPI rose 3.2%, above the 3.1% forecast, suggesting persistent inflation.
US January inflation was up 3.1%, down from 3.4% prior. High shelter costs burden consumers. Economists expected a 2.9% rise.
Lira extended losses against USD on Tuesday, marking its worst weekly performance since July 21. Bloomberg reports it has lost over 7% this year.
Asian shares dipped on Mon, mirroring the US downturn. The FTSE 100 slid, extending its third consecutive week of decline.
