Articles by Rebecca Torres
Diesel Hits Record $5.90, Squeezing Carriers as Surcharges Lag
U.S. diesel prices hit a record $5.90/gallon, up 59% year-over-year, while freight surcharges lag, squeezing carriers like FedEx and UPS.
Strait of Hormuz Ship Traffic Dips to May Low as Brent Holds Near $97
Ship traffic through the Strait of Hormuz hit a May low, while Brent crude held near $97 as markets assess supply risks and a delayed recovery.
Loonie Holds Ground Despite August Job Losses
The Canadian dollar closed the week at 72.25 US cents despite a 42,000 job loss in August, while US payrolls grew by 162,000. Rate differentials and inflation keep the loonie in focus.
Trump Condemns Canadian Dollar 'Imbalance' as Parity Would Demand 38% Rally
President Trump calls Canada's currency gap 'unacceptable,' but parity would require a 38% Canadian dollar rally. With tariffs looming, markets weigh the impact.
BC Hydro Breaks Ground on C$6B North Coast Power Line; Miners Await 2030
BC Hydro has begun construction on the C$6B North Coast Transmission Line, but mining stocks showed little reaction as power delivery isn't expected until 2030.
Forint Surges on MNB Rate Pause Speculation
Hungary's forint strengthened 1.1% against the euro after reports suggested the central bank may halt rate cuts, widening the carry cushion.
Crude Settles at $91.48 as OPEC+ Meeting Looms; Physical Flows Key
WTI settled at $91.48, up 9.7% on the week, ahead of OPEC+ meeting. Quota headlines may matter less than physical exports as shipping constraints persist.
Peso Strength Faces Fiscal Test as Budget Deadline Looms
The Mexican peso closed at a two-year high of 16.8912 per USD on Friday, defying a strong US jobs report. Tuesday's federal budget will test whether fiscal policy supports the currency's recent gains.
Gold Slides 1.7% as Strong August Jobs Report Dims Rate-Cut Hopes
Gold futures tumbled 1.7% as a robust August jobs report (162,000 new jobs) reduced expectations for a Fed pause, sending stocks lower and the dollar higher.
Gold Holds Near $4,475 as Market Awaits Jobs Data
Gold trades near $4,475, consolidating Thursday's 2% jump, as markets await U.S. jobs data that could influence Fed rate decisions.
Dutch Gold Relocation to London: A Custody Shift, Not a Demand Signal
The Dutch central bank relocated 86 tonnes of gold to London to enhance tradability, but total reserves remain unchanged, signaling no new demand. Gold prices eased slightly.