A once-popular pair trade pitting the US dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.
Egypt as picked five banks to arrange fixed income investor meetings from Thursday ahead of a potential dollar-denominated bond issue, a document from lead arrangers showed on Tuesday.
The sovereign, rated B3/B-/B by Moody's/S
Crude oil futures edged lower towards $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted.
Front-month Brent crude shed 17 cents to $65.20 a barrel
Gold rose on Friday as the dollar's rally stalled ahead of US inflation data, but it was still on course for its biggest weekly decline in four weeks.
Spot gold rose 0.5 per cent to $1,211.98 an ounce by 1001 GMT. It was down
Oil slipped on Monday as a rallying dollar weighed on the commodities complex amid a bearish price outlook by influential Wall Street firm Goldman Sachs and risks of growing oversupply.
Crude oil prices erased early gains of more
Gold fell from three-month highs on Friday as the dollar firmed, but stayed on track for its biggest weekly gain since mid-January as a spate of soft economic data dented expectations for an imminent rise in US interest rates.
MasterCard has doubled the number of its cards to about 100 million in the Middle East and Africa in the past three years, where it has begun setting up partnerships with governments to provide access to its payments system.
Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been supported by a weaker dollar and a disruption to crude exports from Libya.
Oil bulls have pushed prices higher this week, a
Oil prices rose on Wednesday to hold near 2015 highs, continuing a month-long rally that was supported by a weaker dollar and a disruption to crude exports in Libya.
Oil bulls have pushed prices higher this week, after a rally of
British Airways-owner IAG swung to a profit for the first time in its seasonally weakest first quarter, but warned a stronger dollar would hold it back this quarter, echoing a warning from rival Air France-KLM.
Both airlines saw l