NEW YORK/LONDON – The dollar slid from a five-week high on Monday, pressured by a weak manufacturing index in New York state and as it consolidated gains made last week amid fears about the debt ceiling and the US economy. In emerging markets, the Turkish lira sank to a near record low as weekend elections … Read more
The dollar inched higher on Tuesday after a loans survey revealed that credit conditions in the United States were less gloomy than expected, while the pound flirted with a one-year peak ahead of this week’s Bank of England policy meeting. The Federal Reserve’s quarterly Senior Loan Officer Opinion Survey (SLOOS) showed that while credit conditions … Read more
NEW DELHI: The Reserve Bank of India, it seems, just cannot catch a break. Just when the consumer price index-based inflation was showing signs of easing, one of India’s traditional bugbears has resurfaced: a spike in crude oil price. Global oil prices surged to a multi-year high on Monday after the Organization of the Petroleum … Read more