Breaking News

Anticipating the global economic recovery is driving oil prices higher – 03-06-2020

News Date: 3/6/2020 06:41:50

The US dollar fell Wednesday morning against most major currencies, and for this it fell against each of the sterling by 1.42%, to be traded at 1.25, and the dollar fell against the Swiss franc by 0.027%, to settle at 0.99624, After it was stable at 0.99622 levels, the US dollar pair also fell against the Japanese yen by 0.95%, this trading the price of the yen at 108.78 levels, the percentage change is 1.06.

While the Australian dollar prices rose to 2.48%, and its achieved its highest levels in nearly five months, and outperformed the US dollar, to be trading the currency at 0.68 dollars. The Euro also touched the peak of the rally and rose by 0,83%, the change rate was 0.0093, to be traded at $ 1.12.

There is no doubt that the dollar is affected by the conditions that America is going through today, and this was a factor in the fact that the dollar is what it is, while investors follow the developments of the situation and are biased to the levels of safety.

On the other hand, the Japanese indices rose, as the Nikkei 522 achieved the highest level, 1.3%, and stable at 22613.76 points, while the broader Topix index increased by 0.7% to 1599.08 points, as the stock indices rose European, such as the DAX 30, which grew 1.62%, and the FTSE 100, 1.11%.

Conclusion with the latest developments in oil prices. June delivery contracts for West Texas crude increased by 2.9%, equivalent to $ 37.87 a barrel, and Brent crude futures rose to $ 40.35, all in light of the global economic recovery.

Latest news

Curse continues... Inflation is following us to 2023 Inflation led most of the banks in the world to raise interest rates, in an attempt to reduce it . The International Monetary Fund expects that t
12-2022 30 06:28:23

Gold prices fluctuate with the reduction of dollar's losses Gold's prices varied after its positive start at the expense of the dollar’s decline, which tended to reduce its losses, while oil c
12-2022 29 03:29:32

Vladimir Putin takes revenge by Russian oil embargo President Vladimir Putin has banned Russian oil in response to the price cap. He has signed a decree retaliating against the West's imposition of
12-2022 28 03:04:38

Gold prices rose today, Tuesday, affected by the decline of the dollar, which declined by 0.3%, and gold rose by 0.4% to reach $1804.99 an ounce, and gold futures rose by 0.4% to reach $1811.90. The
12-2022 27 04:19:22

The first Saudi-Japanese ministerial dialogue meeting for energy The Saudi Prince of Energy and the Japanese Minister of Economy and Industry held a meeting in Riyadh - Saudi Arabia, in which they
12-2022 26 02:50:27

More News