• MTS Economic News_20170217

    17 Feb 2017 | Economic News


• The dollar wallowed near a one-week low against a basket of currencies on Friday after upbeat economic data failed to lift Treasury yields, with underlying concerns about U.S. trade policy capping greenback attempts to bounce.

The dollar index against a group of major currencies stood flat at 100.470 after hitting 100.410 .DXY overnight, its lowest since Feb. 9.

• Japan's exports are seen rising for the second straight month in January, supported by a global economic recovery and a soft yen while imports are expected to rise for the first time in about two years, a Reuters poll showed on Friday.

Exports likely rose 4.7 percent in January from a year ago, according to the poll of 18 analysts, following 5.4 percent growth in December when shipments rose for the first time in 15 months.

• Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang.

Brent crude futures were trading at $55.77 per barrel at 0750 GMT (2:50 a.m. ET), up 12 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures, were up 7 cents at $53.43 per barrel.


Reference: Reuters
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