Oil steady ahead of US stockpiles data

Source: Reuters
Crude futures were trading flat on Wednesday, with investors cautious ahead of weekly inventory report. Contracts for WTI dropped 0.28% to trade at $45.83, while Brent futures advanced 0.3% to $49.65 by 08:07 AM GMT. In the early Asian session both oil benchmarks managed to rise on the back of the stock rally, however later gains were dumped by the strengthening US Dollar and concerns over a global oil oversupply.
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Thu, 10 Sep 2015 08:55:05 GMT

Kiwi drops versus Greenback as RBNZ cuts rates

The New Zealand Dollar tumbled against the US Dollar on Thursday, as the RBNZ reduced the interest rate by 25 basis points to 2.75%, leaving the door open to further cuts. The NZD/USD pair declined 1.54% to trade at $0.6288 by 07:21 AM GMT. The Reserve Bank also announced that the Kiwi remained overvalued, and the further depreciation could support

Wed, 09 Sep 2015 08:54:13 GMT

Aussie rises against Greenback on post RBA's Lowe

The Australian Dollar was traded higher versus its US counterpart on Wednesday, following a speech from the RBA's deputy Philip Lowe, who said that the current low interest rates and the weak Aussie correspond to Australia's economic conditions. The AUD/USD added 0.43% to $0.7046 by 07:51 AM GMT. However, some of the gains were capped by a weak consumer data

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