A new leadership race could complicate Tokyo’s efforts to restore fiscal discipline as voting this month for the ruling party’s new leader, and by extension the next prime minister, risks triggering a snap parliament election.
The euro experienced a decline, dropping 0.24% to $1.1043 against the dollar on Tuesday. It had earlier touched a two-week trough, falling to $1.1033 during the trading session.
Oil prices fell on Wednesday, extending a plunge of more than 4% the previous day and hovering at their lowest since December, on expectations that a political dispute halting Libyan exports could be resolved and concerns over sluggish global demand.
The data shows that cryptocurrency traders are likely to see “Uptober” arrive again. However, September, which started with a massive Bitcoin price fall, may continue to remain bearish, keeping the world’s largest cryptocurrency, Bitcoin, and the whole crypto market in the red.
Crude oil for October delivery was down 0.48% or 0.34 to $70.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.37% or 0.27 to hit $73.48 a barrel, while the December Gold Futures contract fell 0.51% or 12.85 to trade at $2,510.15 a troy ounce.
