As EU Softens Brexit Deal, Pound Strengthens – 15 February, 2018

Sterling advanced against the Dollar for the fourth day, reaching a 10 day high as the European Union considers censuring Britain less during Brexit deals and transitions. The Pound strengthened by 0.2 percent at 88.80 pence per Euro, and rose against the Dollar to $1.4077 or 0.6 percent, advancing a total of 1.7 percent this week.
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Gold Rises Despite Weak Dollar – 14 February, 2018

Gold rose 0.6 percent in the to $1,337.02 per ounce, it's highest since the first week of February, despite the Dollar slipping as U.S. inflation data may give an insight to monetary tightening. The Bloomberg Dollar Spot Index continued to fall for a fourth day, down 2.9 percent since the start of the year. In…
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Oil Prices Remain Stable Despite Weaker Dollar – 13 February, 2018

Because of oversupply, crude prices remain lower than recent highs, though prices are stable because of expectations that a weak Dollar will encourage the demand for fuel. West Texas Intermediate was down 2 cents to $59.17 per barrel, while Brent Crude was up 5 cents to $62.77 per barrel. U.S. crude inventories rose by 3.9…
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Cryptocurrencies Slowly Bounce Back – 8 February, 2018

On Luxembourg based company Bitstamp Exchange, bitcoin hit its lowest since November at $5,920, but recovered above $8,000. It had hit a high of $8,150 and was trading at 15 percent higher on the day at $7,922.79 in New York. After falling 70 percent from its peak, bitcoin continued to tumble 40 percent since the…
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U.S. Crude Production Hits New Record – 7 February, 2018

Despite U.S. crude production breaking a record 1970, crude oil futures fell 2.1 percent and down $1.35 per barrel to $66.03 a barrel. Brent crude, the global benchmark, fell 84 cents to $66.03 per barrel. Production hit 10.25 million barrels this week, knocking over the 10.044 million bpd record set almost fifty years ago. Last…
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Sterling Falls For Third Week – 6 February, 2018

Sterling fell against the Dollar for a third straight day to its lowest in three weeks and weakened against almost all G-10 peers. The Pound fell by 0.9 percent, it's weakest since mid January to $1.3836, ending the day on $1.3873. It weakened to 88.88 pence per Euro, down 0.3 percent.
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