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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.
The Canadian dollar steadied at a 2-week high vs. USD on Friday. Domestic data: trade balance surplus in January, business activity rebounds.
The gold price is nearing a record high due to rising US rate expectations. Bullion surges by 30% in 16 months from the late 2022 low.
January saw nonfarm payrolls grow by 353,000, surpassing Dow Jones' estimate of 185,000. Unemployment remained at 3.7%, beating the 3.8% estimate.
Asian stocks fell as major US tech firms dragged down markets after Wall Street's decline. Nasdaq led with a 1% drop, alongside other US indexes.
ADP's latest survey: Only 107,000 jobs added, far below the expected 145,000. December's gain revised to 158,000 from 164,000.
Gold is nearing a 3-month peak on Tuesday as markets anticipate the Fed's June rate cut. It surged $50 last week due to weak US data.
Oil prices surged as OPEC+ decided to prolong voluntary output cuts by 2.2 million bpd into Q2, meeting market forecasts.
Gold steadied near one-month highs post-US inflation data meeting expectations, with a 62% likelihood of a June Fed rate cut factored in by markets.