Dollar heads towards 3-month lows on dovish U.S. Fed meeting expectations. The dollar weakened against its rivals on Tuesday, heading back towards a recent three-month low.
Category: Features
Gold hit a 14-month high on Friday as intensifying political concerns in the Middle East pushed it above the $1,350 level.
Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday. Traders retreated to ultra-safe government bonds, gold and the Japanese yen.
The dollar fell as rising US-China trade tensions and growing bets on a U.S. interest rate cut sapped investor demand.
Sterling recovered from five-month low versus the common currency after April pay data. The British currency has been on the backfoot in recent weeks as investors sit on the sidelines.