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Dollar nurses loses; pounds fate tied to EU summit

Thursday, 17 October 2019 08:36 WIB DOLLAR Euro pound

The dollar found support on Thursday having weakened on lacklustre U.S. retail data, while the volatile pound was on edge as Britain and the European Union scrambled to secure a last-minute Brexit deal. Sterling swung about a five-month high overnight, knocked around by a series of mixed headlines on the likelihood of progress at an EU leaders summit in Brussels later on Thursday. It has surged some 5% since last week as negotiations stepped up, and sat in early Asian hours at $1.2816 per pound. The dollar was steady against most major currencies. Against the Euro the pound also stood just under a five-month high at 0.8638 per euro. The U.S. dollar had dropped on Wednesday as U.S....

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RECENT NEWS

Gold prices ended higher on Wednesday as investors watched global political news surrounding trade and Brexit, and reacted to a weaker-than-expected reading of U.S. retail sales, which spurred some haven buying. Moves for the precious metal came...

Oil Edges Higher In Yo-Yo Market

Thursday, 17 October 2019 03:39 WIB Minyak WTI Brent

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Energy

Oil futures finished lower on Friday, giving up earlier gains to build a loss for the week, as data showing slower Chinese economic growth fed worries about weaker demand for oil and a recent report

Precious Metals

Gold Dips On Day, But Up On Week Ahead of Brexit Vote
Saturday, 19 October 2019 03:40 WIB
Gold posted a weekly gain but safe-haven investors and those traditionally long the yellow metal largely sat out of Friday’s market, letting prices dip, with few leads to chase, ahead of a weekend

CURRENCIES

The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc. U.K. Prime Minister Boris

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