The dollar edged down today amid signs central bank measures were beginning to ease some of the funding squeeze, although it retained most of its whopping overnight gains on mounting fears about the fallout from the coronavirus crisis. The pound and safe-haven yen made the best efforts at recovery, with the pou…

Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand. U.S. crude Clc1 was down $1.77 cents, or 6.57%, at $25.18 per barrel by 10:41 GMT, having earlier fallen to $25.0…

Gold erased early gains to fall more than 1% on Wednesday as mounting fears over the economic hit from the coronavirus overshadowed additional stimulus measures by the United States and prompted investors to sell precious metals to hoard cash. Spot gold fell 1.1% to $1,511.72 per ounce by 07:01 GMT. U.S. gold f…

During a meeting held in Tripoli, the House of Representatives voted to scale back the salaries of its members by 20% considering the hard situation Libya is facing at the moment, essencially the blockade of oil fields. Moreover, the House of Representatives discussed the implications of the Coronavirus. Hence, …