LA PAZ (Reuters) – Bolivia’s senate early on Friday morning gave final approval to a so-called “gold law” aimed at strengthening the country’s foreign currency reserves. The legislation, which was supported by the ruling party and allows the central bank to monetize its gold reserves, will now be sent to President Luis Arce to sign […]

Wall Street declined sharply after yesterday’s FED interest rate hike. FOMC delivered a 25 basis point increase to 5.00-5.25% – the highest level since June 2006 peak.  Although the Fed suggested it may slow down its rate hike cycle, Jerome Powell emphasized that interest rates may still increase if inflation persists. Currently, the markets have […]

LONDON (Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday. The European and global gas markets suffered a major supply shock in 2022 when Russia reduced its pipeline gas deliveries to the […]

BUENOS AIRES (Reuters) – The Chilean peso is set for a period of stability as economic and political worries continue to fade, validating the central bank’s decision to unwind an intervention program implemented last year to calm market turmoil, a Reuters poll showed. In July last year, the peso plunged to a record low of […]

Most Asian currencies strengthened on Thursday, while the dollar extended steep overnight losses as a warning on economic growth and a potential banking crisis spurred growing bets that the Federal Reserve was done hiking interest rates. While the Fed hiked rates by 25 basis points as expected on Wednesday, comments from Chair Jerome Powell offered a less […]

Crude oil scored a weak session yesterday. OIL.WTI quotes are on track to test support at the round $70 level. Source: xStation5

SINGAPORE (Reuters) – The dollar eased on Wednesday, with investors expecting a hike in U.S. interest rates later in the day, but unsure how long the Federal Reserve will keep policy tight considering the latest gloomy jobs data and U.S. debt ceiling and banking sector risks. U.S. job openings fell for a third straight month […]