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June 12, 2024

Dollar Steadies as Market Await Key Economic Data

The dollar steadied on Wednesday after hitting a four-week high against peer currencies overnight as market players awaited key US inflation data and the Federal Reserve’s updated economic projections due later in the day.

The dollar index, which mea…

Oil Climbs on Optimistic Demand Outlook

Oil prices ticked higher on Wednesday on upbeat global demand views from the US Energy Information Administration and OPEC.

Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel, while US West Texas Intermediate (WTI) crude futures gained 18…