A weekend report that Iraq expects to reach an agreement with the Kurdistan Regional Government (KRG) and foreign oil companies to resume oil production from the Kurdish region’s oilfields within three days. Via a statement from Iraqi oil minister Hayan Abdel-Ghani. Iraq has reached an understanding with Turkey in relation to resumption of northern oil
Share: The Euro clings to daily gains vs. the US Dollar. Stocks in Europe extend the multi-day decline on Monday. EUR/USD keeps hovering around the 1.0600 zone. The USD Index (DXY) comes under pressure and disputes 106.00. Eurozone flash Consumer Confidence is due in the domestic docket. The Chicago Fed National Activity Index ticks higher in September.
Share: GBP/USD Price Analysis: Oscillates in a range below the 1.2500 mark, eyes on UK GDP, US CPI The GBP/USD pair consolidates in a familiar range below the 1.2500 barrier during the Asian session on Wednesday. The major pair currently trades near 1.2488, losing 0.01% on the day. Market players prefer to wait
Share: Further advance could see USD/CNH testing the 7.3500 zone in the short-term horizon according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: Yesterday, we held the view that USD “is likely to rise further even though it is unlikely to reach 7.3500.” We
