Investing.com -- Oil prices settled lower Tuesday, as a stronger dollar and fears about supply outstripping demand remain front and center, offsetting a potential supply risk from ongoing tensions in the Middle East. By 14:30 ET (19.30 GMT), the futures settled 1% lower at $72.32 a barrel and the contract fell 1.1% to $77.20 a barrel. Fears of a potential escalation in the Israel-Hamas conflict came back into play after the U.S. held Iran responsible for an attack on U.S. vessels in the Red Sea by Houthi forces. But traders...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is chief economist for the Asia-Pacific at Natixis and senior research fellow at the Bruegel InstituteIt has been an extraordinary year for the renminbi. On the one hand, it has clearly disappointed investors, who were expecting the currency to appreciate as the Chinese economy moved out of zero-Covid policies at the end of 2022. Instead, after a short respite, it depreciated about 8.5 per cent against the US currency from...