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Hong Kong stocks fell on Friday, tracking global peers, as mounting geopolitical worries along with hawkish pushback by some U.S. Federal Reserve officials weighed on risk sentiment in a cautious end...
The Japanese Yen (JPY) moves higher against its American counterpart for the second straight day on Friday and jumps to over a two-week-high during the Asian session.
Risk appetite got a hit yesterday as an army of Federal Reserve (Fed) speakers sounded cautious about the timing of the first rate cut and as the barrel of Brent spiked past the $90pb level on rising tensions between Iran and Israel after Israel bombed the Iranian embassy in Damascus earlier this week. The barrel of US crude spiked to $87.50pb. So far, tensions in the Middle East didn’t impact oil supply significantly. As a result, we saw a sustainable rise in oil prices – not a spike. But Iran’s direct involvement could mark a new milestone in the Middle East conflict and could back a r...
SINGAPORE: Asian shares retreated on Friday as hawkish comments from some Federal Reserve officials and escalating geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day.
USD/CHF advances to near 0.9030 during the early European hours on Friday, which could be attributed to the recovery of the US Dollar (USD).