Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Dollar slips as oil prices retreat

30 December 2015, 07:33

Tokyo - The dollar slipped against the euro and yen on Wednesday as another retreat in oil prices hit sentiment.

Crude resumed its decline in Asia ahead of the release of data on US crude stockpiles and production, keeping alive concerns about demand and the strength of the global economy.

Oil is at multi-year lows in the face of indications a global crude supply glut will continue into next year.

"Risk sentiment is very much subject to crude oil prices," Hiroyuki Yamamuro, analyst at Ueda Harlow, said, told Bloomberg News.

In US trading, the dollar had been lifted by upbeat consumer confidence data that bolstered hopes for the world's top economy.

Also Read: Emerging market currencies jump as oil rallies

Analysts said the dollar was likely to tread water as markets wait for more US economic data that could give direction on the Federal Reserve's plans for interest rate hikes in 2016.

In Tokyo, the dollar edged down to 120.46 yen from 120.47 yen in New York on Tuesday.

The euro rose to $1.0933 from $1.0921 and was up at 131.69 yen against 131.59 yen a day earlier.

In other trading, the Philippine peso edged up 0.03 percent against the dollar and the Malaysian ringgit gained 0.07 percent.

The Indian rupee slipped 0.03 percent on the greenback and the Indonesian rupiah dropped 0.84 percent.


Tags oil price oil

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...