• The dollar skidded on Thursday, moving back toward one-month lows against the perceived safe-haven yen, after President-elect Donald Trump's highly-awaited news conference failed to offer details on his promises to boost fiscal spending and cut taxes.
The dollar index, which tracks the U.S. currency against a basket of six major counterparts, slipped 0.4percent to 101.42. It had risen to a one-week high on Wednesday, ahead of Trump's news conference.
The dollar index had climbed to its highest levels since 2002 as investors bet Trump's promises of fiscal expansion and tax cuts would boost growth and inflation, prompting a faster pace of interest rate hikes from the Federal Reserve and boosting the yield on the greenback.
• Iraq oil minister says output has been cut by 170k b/d, will cut by an additional 40k b/d next week. Looking for oil prices ~$65/bbl
• Oil prices dipped on Thursday on the back of rising U.S. crude inventories and plentiful supplies, despite emerging output cuts from OPEC and other producers.
U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $52.18 a barrel at 0141 GMT, down 7 cents from their last settlement.
Prices for Brent crude futures LCOc1, the international benchmark for oil prices, were at $55.06 a barrel, down 4 cents.
Reference: Reuters
Thai
Eng