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Asian shares slip as investors pause for breath after massive rally
WASHINGTON: Asian shares dipped slightly on Thursday as the hot run up in global markets took a breather, with investors switching their focus from vaccine hopes to disappointing U.S. jobs data and new COVID-19 lockdowns.
Oil price rallies past 8-mth high on US crude inventory draw, vaccine hopes
NEW YORK: Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.
Rising US weekly jobless claims, COVID-19 cases point to slowing economic recovery
WASHINGTON: The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery.
GLOBAL MARKETS-Stocks dip on US jobs data; dollar down,
NEW YORK: Stocks ended near the previous session record high on Wednesday as Wall Street bumped up against disappointing job market data, while oil continued to rise and the dollar weakened further.
Foreign exchange rate of Euro to other currencies
FRANKFURT, Nov. 25 (Xinhua) -- The following are the foreign exchange reference rates of euro to other currencies at the European Central Bank on Wednesday:
Boosting cryptocurrency trading in Japan
TOKYO: Central bank digital currencies will help boost trading of cryptocurrencies by providing a more convenient platform for converting cryptocurrencies into legal tenders, said Oki Matsumoto, head of Japan’s Monex Group.
Depressed US dollar plumbs lowest levels in nearly 3 months, FOMC minutes awaited
LONDON (Reuters) - The US dollar traded near its lowest levels in nearly 3 months on Wednesday as progress in developing a novel coronavirus vaccine and expectations for a fiscal boost from a new U.S. government triggered a shift of funds from the greenback to riskier assets.
Markets extend rally as optimism abounds on vaccine, US politics
HONG KONG (AFP): Asian markets rallied Wednesday (Nov 25) following a blockbuster performance on Wall Street as vaccine successes and easing US political uncertainty boosted investor confidence in the economic recovery.
Ringgit opens higher amid firmer oil price
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today amid the firmer crude oil prices and weaker performance of the greenback, dealers said.
Foreign exchange rate of Euro to other currencies
FRANKFURT, Nov. 24 (Xinhua) -- The following are the foreign exchange reference rates of euro to other currencies at the European Central Bank on Tuesday:
