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Brent crude oil prices dip on U.S. profit taking

00SINGAPORE Brent crude oil prices dipped in early Asian trading hours on Friday, but remained near two-month highs with Brent still holding above $50 per barrel in a bull-run that has lifted the market by over 20 percent since early August. International benchmark Brent crude oil futures were trading at $50.80 per barrel at 8.56…

Dollar edges up, but on track for weekly loss

00NEW YORK The dollar wallowed close to eight-week lows against the euro on Friday, and was poised for weekly losses against its major counterparts, after minutes of the U.S. Federal Reserve’s July meeting revealed central bank policymakers were in no hurry to hike rates. At next week’s meeting of global central bankers at Jackson Hole,…

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