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Dollar Falls on US Rate Cut Expectations

The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected start to a US easing cycle that markets are betting may begin with an outsized rate cut.

The euro hovered around $1.1123 in the Asia session, not far from the…

S. Korea’s Fiscal Deficit Widens during First 7 Months of 2024

South Korea’s fiscal deficit grew markedly during the first seven months of 2024 amid weak corporate performances and growing state expenditures, the Finance Ministry in South Korea said Tuesday.

The managed fiscal balance, a key gauge of fiscal heal…

Oil Extends Gains on US Output Concerns

Oil prices extended gains on Tuesday as the market eyed US output concerns in the aftermath of Hurricane Francine and expectations of lower US crude stockpiles.

Brent crude futures for November rose 16 cents, or 0.2% at $72.91 a barrel at 0120 GMT. U…