• MTS Economic News_20180220

    20 Feb 2018 | Economic News

• The overnight session was fairly quiet for currency markets. The dollar index, which tracks the U.S. currency against a basket of rivals, traded at 89.199 at 6:42 a.m. HK/SIN after rising as high as 89.442 earlier. The move higher came after the dollar index slipped as low as 88.253 last week.

Against the yen, the greenback traded at 106.57, off a low of 106.08 touched on Monday.

• Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery and tensions in the Middle East, although concerns of rising U.S. production tempered gains.

Brent crude LCOc1 was up 89 cents at $65.73 a barrel at 1802 GMT, after rising to an 11-day high of $65.75 a barrel earlier in the session.

U.S. West Texas Intermediate crude for March delivery CLc1 was up 82 cents at $62.50 a barrel, after earlier gaining as much as 1.44 percent to its highest since Feb. 7.

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