Thursday’s Must Reads- January 11, 2018

breaking news


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Dollar Weakens

On Wednesday, the U.S. dollar slumped after a report that China was ready to slow or even halt its U.S. treasury purchases, leaving greenback to record its largest single-day fall versus the Japanese yen in just about eight months.

Officials that are analyzing China’s foreign-exchange holdings have suggested the slowing or halting purchases of U.S. Treasuries, according to Bloomberg News. Prior to the news report, the greenback was at a disadvantage from the Bank of Japan’s move to lessen the amount of purchases of long-dated government bonds earlier in the week echoed through the currency markets….Read More Now


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Oil Hits New Highs

On Wednesday, crude oil prices reached fresh multi-year highs supported by OPEC-led production cuts and healthy demand, but analysts are concerned of the chance of possible a overheating.

The wide ranging global market rally has been driving investments into crude oil futures. U.S. West Texas Intermediate (WTI) crude futures were at $63.60 a barrel, up 64 cents, at 1259 GMT. Earlier in the session, it rose to $63.67, the highest seen since Dec. 9, 2014. Brent crude futures were at $69.33 a barrel, 51 cents higher than their last session. Earlier in the session, Brent hit $69.37, its highest since May 2015….Read More Now


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