Friday, January 8, 2016
Oil prices plunged close to US$33 a barrel on Thursday as crude extended losses on rising U.S. energy stockpiles and mainland China's weakening currency.
The yen jumped Thursday as worries about mainland China's economy, a plunge in oil and equities prices, and geopolitical tensions sent panicked investors into safer assets.
Thursday, January 7, 2016
Oil prices edged higher in Asia Wednesday, ahead of the release of a U.S. stockpiles report, with investors also keeping an eye on a worsening diplomatic row between Iran and Saudi Arabia.
The yen rose and South Korea's won slipped Wednesday as North Korea's claim that it conducted a successful hydrogen bomb test added to concerns about Middle East tensions and mainland China's economy.
Wednesday, January 6, 2016
Fears escalated Monday that the global economy could struggle more than expected this year -- a prospect that contributed to a plunge in financial markets.
The U.S. dollar declined against most Asian currencies Tuesday as a little confidence returned to regional trading floors on the back of a rebound in oil prices.
Oil prices rebounded in Asia Tuesday as a diplomatic row between Saudi Arabia and Iran deepened, but a global crude supply glut and economic weakness in China are keeping any increases in check.
Tuesday, January 5, 2016
Fresh evidence of mainland China's economic slowdown sent world stock markets tumbling on Monday, with Europe following Asia sharply lower in a gloomy start to 2016.
Oil prices rose in Asia Monday after crude kingpin producer Saudi Arabia cut diplomatic ties with Iran following a row over the Saudi execution of a Shiite cleric.
The yen on Monday hit its highest level against the U.S. dollar since October as traders moved into the unit due to rising tensions in the Middle East.