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Yen hits six-week high, dollar dips for month-end
Trading
Pound set for best week since September as dollar stumbles
Trading
Oil prices set to end week over 3% lower as supply risks ease
Trading
Dollar drops as markets weigh Trump tariff vow, yen hits 5-week high
Russian rouble at 110 to US dollar, down by one quarter since early August
Date: November 27, 2024
By Gleb Bryanski MOSCOW (Reuters) -The Russian rouble weakened beyond the 110 mark to the U.S. dollar on Wednesday, a threshold that some analysts believe could prompt authorities to take action to support the currency, which has fallen by more than 24% since early August. The rouble’s fall caught off guard economists who had expected...
Sterling drops versus dollar, flat against euro, awaits data
Date: November 27, 2024
By Stefano Rebaudo (Reuters) – Sterling rose against the dollar and was little changed versus the euro on Wednesday, with investors focused on the market reaction to U.S. President-elect Donald Trump’s tariff promises. Markets will closely watch the U.S. economic data later in the day, which could affect the Federal Reserve’s easing path. The greenback...
Dollar drops as markets weigh Trump tariff vow, yen jumps
Date: November 27, 2024
By Stefano Rebaudo (Reuters) -The U.S. dollar fell to a one-week low against its major peers on Wednesday as investors grew cautious about President-elect Donald Trump’s tariff pledges while rebalancing their portfolios before the end of the month. Markets will closely watch Personal Consumption Expenditures (PCE) price index due later on Wednesday, before U.S. markets...
Oil steadies amid possible Middle East ceasefire
Date: November 26, 2024
By Georgina McCartney and Gabrielle Ng (Reuters) -Oil prices ticked up in early trade on Tuesday after falling in the previous session as investors took stock of a potential ceasefire between Israel and Hezbollah, weighing on oil’s risk premium. Brent crude futures rose 29 cents, or 0.4%, to $73.2 a barrel as at 0430 GMT,...
Dollar follows US yields lower after Bessent Treasury nomination
Date: November 25, 2024
By Wayne Cole and Medha Singh (Reuters) -The dollar recoiled from two-year highs on Monday, tracking a sharp decline in U.S. Treasury yields amid trust that Donald Trump’s pick for the next U.S. Treasury secretary will promote more fiscal discipline than investors had been fearing. The euro was up 0.85% at $1.0506, recovering from a...
Dollar retreats from 2-year peak after Trump Treasury nomination
Date: November 25, 2024
By Wayne Cole and Medha Singh (Reuters) -The dollar retreated on Monday after a stellar run as the pick for U.S. Treasury secretary seemed to reassure the bond market about fiscal discipline, pulling yields lower and shaving some of the currency’s rate advantage. Yields on 10-year Treasuries slipped 6 basis points to 4.361% as President-elect...