The head of Taiwan’s central bank said on Thursday that he doubted that U.S. President-elect Donald Trump’s new administration would penalise Taiwan given the island’s central role in the semiconductor industry.
The greenback climbed above 156 yen for the first time since July. The euro slumped to its weakest since Nov. 2023 at $1.0546 and sterling hit its lowest on the dollar in three months at $1.2683.
The primary driver of oil prices, both in the near term and looking ahead, will be the direction of the U.S. dollar,” said Phillip Nova’s investment analyst Danish Lim, adding that supply and demand dynamics had put pressure on prices recently.
The value of the global cryptocurrency market has topped $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class.
Crude oil for December delivery was down 0.72% or 0.49 to $67.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.64% or 0.46 to hit $71.82 a barrel, while the December Gold Futures contract fell 0.99% or 25.50 to trade at $2,561.00 a troy ounce.
