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1. Dollar Up as U.S. Employment Data Disappoints, Focus Turns to Inflation
The dollar was up on Monday morning in Asia but remained near a more than two-month low. Investors continue to assess the previous week’s disappointing U.S. employment report and its implications for monetary policy ahead of inflation data due later in the week.
The U.S. Dollar Index tracks the greenback against a basket of other currencies inched up 0.05% to 90.260 by 12:31 AM ET (4:31 AM GMT).
2. Gold Up, Boosted by Weaker-Than-Expected U.S. Job Data Reported for April
Gold was up on Monday morning in Asia, remaining close to a three-month high. Investors are now betting that interest rates will stay low for a while thanks to a disappointing U.S. monthly job report released on Friday.
Gold futures inched up 0.06% to $1,832.35 by 11:58 PM ET (3:58 AM GMT).
3. Litecoin Jumps 20% In a Green Day
Litecoin was trading at $408.084 by 23:52 (03:52 GMT) on the Investing.com Index on Monday, up 20.15% on the day. It was the largest one-day percentage gain since March 13, 2020.
The move upwards pushed Litecoin’s market cap up to $27.070B, or 1.08% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B.
4. Ford recalls 661,000 Explorer SUVs in North America
Ford Motor Co is recalling 661,000 Explorer sport utility vehicles in North America at the request of U.S. regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle.
The recall covers 2016 through 2019 model year vehicles. Dealers will install push pins and replace any damaged rail clips and roof rail covers.
5. Brent Oil Surge Draws Flood of Crude Cargoes Toward Europe
Soaring premiums for North Sea oil have led to an influx of crude cargoes into Europe from exporters throughout the Atlantic Basin.
Producers from countries including Nigeria, Brazil and the U.S. loaded almost 1 million barrels a day cruder for European buyers last month than they did in March, according to tanker tracking data compiled by Bloomberg. That included a late-April jump in cargoes from terminals in the U.S. Gulf of Mexico.
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