West Texas Intermediate (WTI) Oil price edges higher on Tuesday, trading around $65.90 per barrel during early European hours after experiencing losses in the previous session.
Here is what you need to know on Tuesday, March 11: Growing fears over an economic downturn in the US and its potential activity on the global economic outlook triggered a selloff in major equity indexes at the start of the week.
The Bank of Japan (BoJ) said in a statement on Tuesday that “financial institutions have sufficient capacity to absorb losses.” Additional takeaways Smooth functioning of financial intermediation has been maintained even amid global changes in financial and economic conditions.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on the previous day's modest gains and attracts fresh sellers during the Asian session on Tuesday.
Gold price (XAU/USD) attracts some dip-buyers near the $2,880 region during the Asian session on Tuesday and reverses a part of the previous day's downfall to a one-week low.
Citing people familiar with the matter, Bloomberg reported on Tuesday, that talks between the US and China on trade and other issues are in a deadlock.
The Japanese Yen (JPY) climbed to a fresh multi-month top against its American counterpart during the Asian session on Tuesday despite the downward revision of Japan's Q4 GDP print, which complicates the Bank of Japan's (BoJ) plan for a further rate hike.
Japan’s Finance Minister Shunichi Kato said early Tuesday that higher long-term interest rates could have wide-ranging effects on the economy, underscoring the need for careful monitoring of financial conditions.
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1741 as compared to the previous day's fix of 7.1733 and 7.2597 Reuters estimates.
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