Wednesday Outlook: Dollar hits 3-month high; oil prices slip

Investors look for more clues on whether Fed will take more aggressive steps to halt rising inflation

  
A 3D printed oil pump jack is placed on dollar banknotes in this illustration picture, April 14, 2020.

A 3D printed oil pump jack is placed on dollar banknotes in this illustration picture, April 14, 2020.

REUTERS/Dado Ruvic/Illustration

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Asian shares lower on U.S. inflation jitters
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.33%

Dollar hits 3-month high to euro on bets for faster Fed tightening; kiwi soars
The greenback strengthened to $1.17720 per euro, the highest since April 5

Oil prices slip as drop in Chinese crude imports rings alarm bells on demand
Brent crude was down 8 cents, or 0.1%, at $76.41 a barrel

Gold prices subdued as dollar firms on U.S. inflation data
Spot gold was flat at $1,806.07 per ounce


 

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