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Dollar tumbles as U.S. nonfarm payrolls show mixed picture
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First Industry Pilot for Digital Asset and Decentralised Finance Goes Live
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MAS Launches Expanded Initiative to Advance Cross-Border Connectivity in Wholesale CBDCs
Top Stories
Dollar sags, stocks rise after U.S. jobs temper rate expectations
Fed and BoE dismantle sterling rate support :Mike Dolan
Date: November 4, 2022
By Mike Dolan LONDON (Reuters) -The U.S. Federal Reserve and the Bank of England sent two very clear signals to financial markets this week – don’t underestimate how high U.S. interest rates will go and don’t overstate peak UK rates. By design or not, the deliberately crafted messages opened another trapdoor under sterling by widening...
Dollar advances after hawkish Fed; pound sinks as BoE warns of ‘very challenging’ outlook
Date: November 3, 2022
By Amanda Cooper and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The dollar firmed on Thursday, after the Federal Reserve signalled U.S. interest rates will likely peak at a higher rate than markets had expected, while the pound fell after the Bank of England raised rates but warned of a “very challenging outlook.” The BoE lifted...
Dollar falls as Fed decision looms, yen and real gain
Date: November 2, 2022
By Joice Alves and Kevin Buckland LONDON/TOKYO (Reuters) – The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes. The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points...
Sterling edges up ahead of Fed, BoE rate decision looms
Date: November 2, 2022
By Iain Withers LONDON (Reuters) – Sterling edged up against the dollar on Wednesday as markets braced for policy decisions from the U.S. Federal Reserve and Bank of England on benchmark interest rates aimed at curbing soaring inflation. The Fed is set to meet later on Wednesday and the BoE follows suit on Thursday, with...
Cryptoverse: Bitcoin wants to break its bond with stocks
Date: November 1, 2022
(Our weekly analysis of the wild world of cryptocurrencies. Repeats for additional subscribers) By Lisa Pauline Mattackal and Medha Singh (Reuters) – After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one...
Sterling starts November higher, eyes on BoE, Fed meetings
Date: November 1, 2022
By Samuel Indyk LONDON (Reuters) – The British pound was higher against a weaker U.S. dollar on Tuesday ahead of key meetings at the Bank of England and Federal Reserve, with both central banks expected to deliver large interest rate increases. Since hitting a record low of $1.0327 in September, sterling has risen over 11%...