Posts Tagged ‘baghdad’
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Yen Remains Higher on Iraqi Tension; Intraday USDJPY Triangle Consolidation

by Christopher Lemieuxon June 16, 2014 8:28 pm GMT
Yen futures remain higher after pairing session highs as geopolitical tensions in Iraq is causing risk assets to remain lower. Sunni militants seized large chunks of territory just north of Baghdad. There are reports of the Iraqi army fighting insurgents, following reports last week that the same army fled Mosul after it fell under siege. […]

Growing Iraq Tension Sparks Risk Premium in Crude

by Christopher Lemieuxon June 12, 2014 8:29 pm GMT
West Texas Intermediate (WTI) and Brent crude pushed higher, as insurgent violence is increasing across northern and central Iraq. Traders have been pricing in risk premium as al Qaeda-linked militants are moving their way through a path of destruction to the capital Baghdad, following the capture of Mosul and Saddam Hussien’s home city of Tikrit. […]

Kurdistan exports pour fuel on Iraq fire

by on October 23, 2012 2:48 pm GMT
The first independent oil exports by Iraqi Kurdistan have reportedly started to reach international markets, risking a further backlash from the federal government in a simmering dispute over resource sovereignty.Traders and a shipping source told Reuters that trading house Trafigura snapped up the first cargo of Kurdish light oil,

MIDEAST MONEY-Iraq dinar is short-term disappointment, long-term bet

by on October 3, 2012 2:00 pm GMT
Wed Oct 3, 2012 10:00am EDT * Iraqis still prefer hard currencies for many transactions * But some foreign speculators see long-term opportunity* External, budget surpluses could eventually boost dinar* For now, central bank wants to keep currency stable* Any major appreciation unlikely before two or three yearsBy Aseel KamiBAGHDAD, Oct