Articles by Rebecca Torres
Diesel Price Drop: Relief for Truckers but Supply Fears Loom
U.S. diesel prices have dropped for five straight weeks, but tight inventories and global supply concerns threaten a quick reversal, keeping truckers and farmers under pressure.
Gold Prices Near ₹1 Lakh in Chennai as Fed Rate Jitters Cap Recovery
Chennai gold prices dropped to ₹1,08,000 per eight-gram sovereign, approaching the ₹1 lakh level, as U.S. inflation data and Fed rate hike concerns limited global gold's rebound from a six-month low.
Cameco Shares Tumble 7% as Uranium Sector Faces Broad Selloff
Cameco shares dropped 7.4% Wednesday, leading a broad uranium sector decline, as investors await Q2 results on July 31 for signs of production recovery and Westinghouse progress.
Peso Edges Higher as Iran-Israel Tensions Ease, All Eyes on Mexican Inflation
Mexico's peso edged up 0.09% to 17.4644 per dollar after Iran and Israel paused attacks, but traders turned cautious ahead of Tuesday's Mexico inflation data.
Gold Holds Near $4,344 as Ceasefire Hopes Offset Fed Rate Worries
Gold steadied near $4,344 as ceasefire hopes offset pressure from a strong U.S. jobs report. Goldman Sachs now expects no Fed cuts until 2027.
Mexican Peso Slides to 17.48 as US Jobs Report Boosts Dollar
The Mexican peso fell 1.10% to 17.4793 per dollar after stronger-than-expected US jobs data boosted the dollar and raised expectations for a Fed rate hike by December.
Mexican Peso Suffers Biggest Drop Since March on Robust US Jobs Data
The Mexican peso plunged 1.1% to 17.4793 per dollar, its biggest daily drop since March, after a robust US jobs report strengthened the dollar and stoked expectations of prolonged higher US rates, reducing Mexico's yield appeal.
