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Most Asian currencies slipped on Tuesday and remained on track for annual losses as the dollar stayed strong heading into 2025. Meanwhile, the Chinese yuan weakened after data revealed slower-than-expected growth in the country’s factory activity. The U.S. Dollar Index eased 0.1% during Asian trading hours but held close to…

The US dollar edged lower on Monday as US bond yields retreated, although it remained close to recent highs as the year nears its end. By 04:05 ET (09:55 GMT), the Dollar Index, which measures the greenback against a basket of six other currencies, was down 0.1% at 107.690. Despite…

Bitcoin Extends Losses After Recent Highs Bitcoin continued its decline on Monday, retreating further from its peak of over $108,000 reached nearly two weeks ago. The world’s largest cryptocurrency dropped 1.6% to $93,869.0 by 05:04 ET (10:04 GMT). Despite the pullback, Bitcoin remains up 120% for the year, buoyed by…

European stock markets edged slightly lower on Monday, the final full trading session of 2024, as investors secured profits after a largely positive year for regional markets. At 04:35 ET (09:35 GMT), Germany’s DAX index remained mostly flat, France’s CAC 40 dipped by 0.1%, and the U.K.’s FTSE 100 fell…

Wall Street traded slightly lower on Monday, kicking off the final week of the year with a negative tone as investors locked in gains from a largely positive fourth quarter. Attention remains on the Federal Reserve’s future moves, while Bitcoin continues to pull back from its recent all-time high. Is…

A Jeju Air passenger jet from South Korea crashed during its landing at Muan International Airport on Sunday, claiming 179 lives in the nation’s deadliest air disaster. Here is a timeline of the final moments of Flight 7C2216, as reported by South Korea’s transport ministry and fire authorities: All times…

The Japanese yen hovered near five-month lows on Monday, pressured by rising U.S. yields, as subdued year-end trading kept most currencies range-bound. The yen traded at 157.82, with intervention concerns from Japanese authorities deterring another test of the 160 level, last seen in July. The dollar index, which measures the…

Asian shares slipped on Monday as elevated U.S. Treasury yields weighed on high Wall Street equity valuations and supported the U.S. dollar near multi-month highs. Trading volumes remained thin with the New Year holiday approaching and a relatively quiet week ahead on the economic calendar. Key releases include China’s PMI…

Oil prices edged lower on Monday in thin holiday trading ahead of the year-end as traders awaited key economic data from China and the U.S. later in the week to gauge growth prospects in the world’s two largest oil-consuming nations. By 0111 GMT, Brent crude futures slipped 6 cents to…

Growth in Russia’s services sector slowed to a three-month low in December due to weakening demand and increasing cost pressures, S&P Global reported on Saturday. The S&P Global Russia Services PMI Business Activity Index dropped to 51.2 in December, down from 53.2 in November. This marks the sixth consecutive month…