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Category: Trading

Dollar Clings to 2-Month High While Japanese Yen Slightly Weakens

Muscat: The dollar clung to its recent strength near a two-month high today, supported by the strong performance it recorded during recent sessions in global currency markets. The dollar index, which measures the greenback against a basket of currenci…

European Stocks Open Higher as Trading Begins

Muscat: European stock indexes went up at the start of trading today: The pan-European STOXX 600 index gained 0.1 percent at the open, reaching 622.17 points.

According to Oman News Agency, France’s CAC 40 index rose 0.31 percent, while Germany’s DA…

European Stocks Fall as Oil Prices Rise

Muscat: European stock markets opened lower today, pressured by renewed tensions in West Asia and rising oil prices, while developments on the ground reduced hopes of reaching a near-term agreement that would ease the crisis.

According to Oman News…

US Dollar Gains as US-Iran Talks Falter

Muscat: Oil prices today rose for a third day running as fresh hostilities flared in the Gulf after US-Iran peace talks stalled. Against a basket of currencies, the dollar was steady at 99.28, having risen slightly overnight. The dollar rose 0.04% to …

Oil Prices Rise More than 1% in Early Trading

Muscat: Oil prices rose more than 1% in early trade today as diplomatic efforts between Iran and the United States faltered and markets closely monitored developments related to the conflict in the Middle East and their potential impact on global ener…

Gold Prices Fall as Middle East Developments Accelerate

Muscat: Gold prices fell today as renewed hostilities in the Middle East pushed crude oil prices higher, reinforcing concerns that interest rates will remain elevated for longer to curb inflation.

According to Oman News Agency, spot gold dropped 0.2…