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U.S. Stocks Set Record, Dollar Gains on Jobs Data

EghtesadOnline: Fresh signs of strength in the U.S. labor market reignited the dollar rally and sent U.S. stocks to all-time highs, with the Dow Jones Industrial Average climbing within one point of 20,000. Treasuries tumbled with gold as data bolstered the case for higher interest rates.
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Publish Date:07/January/2017 | 04:49

Oil prices edge up on expectations of tightening supplies

EghtesadOnline: Oil edged higher on Wednesday, with top exporter Saudi Arabia expected to raise prices for its crude as part of planned supply cuts, although a strong dollar and moderate economic growth prospects restricted gains.
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Publish Date:04/January/2017 | 05:15

Strong dollar lifts Japan shares, crimps commodities

EghtesadOnline: The U.S. dollar crept nearer to 14-year peaks on Wednesday as an abundance of upbeat global economic data boosted Wall Street and signs of quickening inflation dented fixed-income debt.
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Publish Date:04/January/2017 | 05:13

U.S. Stocks Halt 3-Day Drop as Dollar , Gold Climb

EghtesadOnline: U.S. stocks rose with the dollar as economic data bolstered confidence that the American economy is poised to accelerate. Gold rose and Treasuries erased losses as a slide in the price of crude sparked demand for haven assets.
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Publish Date:04/January/2017 | 04:51

Rouhani pledges to reverse slide of Iran's currency

EghtesadOnline: President Hassan Rouhani sought to reassure Iranians on Sunday that the government would work to protect market stability after the country's currency fell to a record low last week.
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Publish Date:02/January/2017 | 07:47

Rial Strengthens to 39,500 Per USD

EghtesadOnline: The unification of Iran's dual foreign exchange regime and the decline in the exchange rate of major currencies were among the most important topics discussed at Saturday's meeting between top economic officials and senior lawmakers, as rial continues to gain against the US dollar, announced the chairman of Majlis Economic Commission.
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Publish Date:01/January/2017 | 05:42

U.S. Stocks Pare Yearly Gain as Dollar , Oil Slip: Markets Wrap

EghtesadOnline: U.S. stocks completed the fourth annual gain since 2011 on the longest losing streak since the election, while oil and gold posted the best yearly advances since at least that time. The dollar rose for a fourth straight year.
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Publish Date:31/December/2016 | 04:35

Euro soars, dollar slips in holiday-thinned trade

EghtesadOnline: The euro jumped to its highest in three weeks in thin Asian trade on Friday, but was on track for a losing year on expectations that U.S. President-elect Donald Trump's policies will boost inflation and prompt the U.S. Federal Reserve to hike interest rates more frequently.
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Publish Date:30/December/2016 | 06:42

Dollar falls against yen on U.S. yield drop, profit-taking

EghtesadOnline: The U.S. dollar hit a 15-day low against the yen on Thursday as traders used the quiet holiday period to take profits on the dollar's recent gains, while a drop in U.S. Treasury yields on waning risk appetite reduced the greenback's appeal.
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Publish Date:30/December/2016 | 06:28

Bank stocks weigh on shares; Dow backs further from 20,000

EghtesadOnline: U.S. and European shares, the dollar and bond yields all headed lower on Thursday, with traders using the quiet holiday period to book some profits on the heady gains stocks have seen in the final quarter of 2016 and reposition for the year ahead.
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Publish Date:30/December/2016 | 06:20

Dollar edges higher against yen on strong U.S. indicators

EghtesadOnline: The dollar inched up against the yen on Wednesday after upbeat U.S. economic data reinforced expectations for economic growth under Donald Trump's Administration and more rate hikes by U.S. Federal Reserve next year.
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Publish Date:28/December/2016 | 05:13

Asia stocks mixed in muted session, dollar recovers some losses

EghtesadOnline: Asian stocks were mixed on Tuesday, in thin trade and with little to guide them as most major markets were closed on Monday for Christmas holidays, while the dollar reclaimed its losses from Monday.
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Publish Date:27/December/2016 | 04:53

Iran tells banks to sell dollars at free rates

EghtesadOnline: The Central Bank of Iran (CBI) says it has authorized banks to deal in foreign exchange trading at a free-market rate – a move which is expected to help control the rising rates of the dollar.
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Publish Date:25/December/2016 | 11:52