The dollar rose to an eight-month high on Monday amid heightened expectations that the US Federal Reserve might raise interest rates next month, driving down the prices of copper, gold and other metals.
World equity markets slippe
The euro sagged to a seven-month trough on Monday as the prospect of more policy easing in Europe benefited the US dollar, while activity in Asian shares was crimped by a holiday in Japan.
The strength of the dollar also combined
Asian shares were set to hold on to this week's gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic g
Asian shares slumped on Friday after commodity prices plunged to multi-year lows on worries that slower global growth may worsen a supply glut, while US Federal Reserve officials kept beating the drum for a rate hike next month.
DGCX (Dubai Gold and Commodities Exchange) has announced 58,596 metal trades during October, compared to 45,022 during the same month in 2014, marking an increase of 30 per cent.
Monthly figures released by DGCX also show that Gol
Asian equities fell across the board on Tuesday after commodity prices languished in the wake of China growth woes and dampened risk sentiment, while the euro hovered near a 10-day low ahead of a European Central Bank meeting that could open the
Asian shares stepped back from two-month highs on Tuesday and commodity currencies retreated as a big fall in oil prices triggered profit-taking, though fading expectations of an imminent US rate hike lent some support.
Asian shares rose on Monday, extending an October rally, as investors hunted for bargains in industrials and basic materials, fueled by a rebound in commodities while the dollar struggled as hopes of a Fed rate rise this year grew even dimmer.
Stocks on major world markets posted their biggest weekly advance since 2011 on Friday, as greater investor appetite for riskier assets propelled gains in equities and a surge in commodities and crude oil prices.
Declines in the d
Most Asian stock markets rallied on Wednesday after sliding to three-year lows but concerns lingered over a weak outlook for commodities and China's economic growth.
MSCI's broadest index of Asia-Pacific shares outside Jap