MTS Help Center

The US currency rose for the fifth time in the past six weeks against the common currency. The US dollar climbed 0.6 percent against the euro to US$1.1251 as of 5pm New York time and added 1 percent this week. The yen rose 0.1 percent to ￥106.97 per US dollar.

The British pound and the euro fell to their lowest level since 2013 against the yen on worries a UK referendum later this month could pull Britain out of the European Union, possibly disrupting European political and economic affairs.

The pound fell to as low as 151.50 yen GBPJPY=R, its lowest level since August 2013 while the euro fell to 119.87 yen EURJPY=E, a level last seen in April 2013, as the yen has become something of a safe haven.

Billionaire investor George Soros has become more involved in trading at his family office, concerned about the outlook for the global economy and the risk that large market shifts may be at hand, according to a person familiar with the matter.

Soros, 85, has been spending more time in the office directing trades and recently oversaw a series of big, bearish investments, said the person, who asked not to be identified discussing private information. Soros Fund Management LLC sold stocks and bought gold and shares of gold miners last quarter, anticipating weakness in various markets, according to a government filing.

George Soros, the 85-year-old billionaire who broke the Bank of England in 1992, is becoming more involved in day-to-day trading at his family office, taking a series of big, bearish bets.

Soros is best known for netting $1 billion as a hedge fund manager decades ago when he and his then-chief strategist Stan Druckenmiller wagered that the U.K. would be forced to devalue the pound. His predictions haven’t always played out so well.

Anticipating weakness in various global markets, his Soros Fund Management cut its publicly disclosed U.S. stock holdings by 37 percent in the first quarter while buying shares of gold miners and an exchange-traded fund tracking the price of the precious metal.

Since then, the S&P 500 Index has returned 3.1 percent. Barrick Gold Corp., his largest new position disclosed in the quarter, fared better, jumping 44 percent.

Oil prices fell nearly 2 pct on Friday as investors braced for another likely rise in the U.S. oil rig count this week and as a strong dollar again weighed on demand for crude futures denominated in the greenback.

Brent's front-month contract was down 91 cents, or 1.7 percent, to $51.04 a barrel by 10:10 a.m. EDT (1410 GMT), after setting a session low of $50.88. On Thursday, it hit a 2016 high of $52.86.

WTI's front-month traded down 82 cents, or 1.6 percent, at $49.74, after falling more than $1 earlier to a session low of $49.53.

Brent and WTI remained on track for weekly gains, although that could change if prices slipped further on the weekly reading for the U.S. oil rig count by industry firm Baker Hughes, due at 1:00 p.m. EDT (1700 GMT).

Baker Hughes said last week U.S. oil drillers added 9 rigs in the week to June 3, bringing the count up to 325, as oil prices traded above or near $50.

A man armed with an assault rifle killed 50 people during a gay pride celebration at a nightclub in Orlando, Florida, early on Sunday in the deadliest mass shooting in U.S. history, a rampage President Barack Obama denounced as an act of terror and hate.

Police killed the gunman, who was identified as Omar Mateen, 29, a New York-born Florida resident and U.S. citizen who was the son of immigrants from Afghanistan and had twice been questioned by FBI agents in recent years.

Law enforcement officials were probing evidence suggesting the attack may have been inspired by Islamic State militants, although they said there was no proof that Mateen had worked directly with the group.

Reference: ฺBloomberg, Fox Business, Reuters