Most Asian currencies kept to a tight range on Monday, while the dollar steadied as a blowout nonfarm payrolls report saw traders sharply scale back expectations the Federal Reserve will cut interest rates in June. Anticipation of more cues on U.S. interest rates- specifically from inflation data and more Fed commentary- also kept sentiment […]
Oil prices slide nearly 2% as Israel-Hamas tensions ease
Oil prices fell sharply in early Asian trade on Monday after Israel withdrew soldiers from parts of Gaza and committed to renewed dialogue over a potential ceasefire with Hamas. The move presented a potential de-escalation in the long-running war- concerns over which were a key boost to oil prices in recent weeks. Oil prices […]