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EURUSD retakes 1.10 ahead of ECB

Oil and gold prices dropped back while stocks saw a short-covering rally and the euro gained ground on talk of a new joint European debt issuance and ahead of Thursday’s ECB meeting.

UK approves COVID vaccine

The UK has become the first country to approve the use of a covid-19 vaccine. A stimulus bill is being discussed again in Washington DC. The S&P 500 hit a record high and the US dollar fell to fresh 2 ½ year lows while gold jumped.

Oil rises as dollar strength eases, but Fed weighs

Oil prices rose on Monday, bolstered by supply fears, a dip in the U.S. dollar and stronger equity markets, but prices seesawed as some worried rising U.S. interest rates would weaken fuel demand.

Gold range-bound with all eyes on Fed verdict

Gold prices were hemmed into a tight range on Wednesday with investors focused on the outcome of the U.S. Federal Reserve’s policy meeting for signals on its rate hike plans.

Gold steadies on weaker dollar, recession risks

Gold prices steadied on Monday, helped by a weaker dollar as recession fears persisted, while investors watched for any cues on policy moves at the European Central Bank’s forum in Portugal.

Crude oil breaches $110

On Wednesday morning, global benchmark Brent crude blew past $110 per barrel, rising more than 5.8% to $111.09, its highest since early July 2014.