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Sunday, 16 August 2026

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Finance

Forex Today: Oil prices rise further, keeping markets on edge

Oil prices climb higher at the beginning of the week as there are no signs of a de-escalation of the crisis in the Middle East. In the second half of the day, Statistics Canada will publish the Consumer Price Index (CPI…

KOSPI Index Falls 30% From Recent Record High

South Korea’s KOSPI index dropped another 4%, bringing its decline to 30% from the record high reached last month. The fall follows a strong rally and has been amplified by the index’s heavy weighting in Samsung and…

British Pound: Burnham honeymoon meets fiscal reality – ING

ING’s Chris Turner writes that Sterling has benefited from expectations Andy Burnham will appoint a fiscally cautious chancellor, alongside stale short positioning and M&A-related flows into United Kingdom (UK) equities…

Canadian Dollar edges higher to near 1.4000 as crude oil gains

The USD/CAD pair extends its downside to near 1.4005 during the Asian trading hours on Monday. Rising crude oil prices provide some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Trad…