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Trading
Dollar stabilises near seven-month lows
Trading
Sterling dips after data highlights ‘horrible’ economic backdrop
Trading
Cryptoverse: Bitcoin digs in for a bumpy new year
Trading
Sterling hits 2 1/2 week high, eyes on BoE
Russian rouble gains 3% on first working day of 2023
Date: January 9, 2023
By Jake Cordell (Reuters) – The Russian rouble started the first full trading day of the new year on the front foot, advancing by more than 3% against the U.S. dollar to rebound from six-month lows hit in volatile trading at the end of 2022. At 1005 GMT on Monday, the rouble had passed through...
Sterling softens against murky economic backdrop
Date: January 6, 2023
LONDON (Reuters) – Sterling fell on Friday against the dollar and the euro as Britain’s darkening economic outlook remained at the forefront of traders’ minds. The pound was down 0.52% to $1.18460 and was 0.29% lower against the euro, trading at 88.620 pence. A stronger dollar – which on Friday was holding near an almost...
Sterling rises against weakening dollar, slightly up versus euro
Date: January 4, 2023
By Stefano Rebaudo (Reuters) – Sterling rose against a weakening dollar and was slightly higher versus the euro as a relaxation of COVID rules in China sent investors bidding for risky currencies. Chinese state media played down the severity of a surge of COVID-19 infections on Tuesday, triggering hopes that a post-pandemic recovery in China...
Dollar jumps, euro dips before Fed minutes
Date: January 3, 2023
By Karen Brettell NEW YORK (Reuters) – The greenback jumped on Tuesday before the Federal Reserve on Wednesday releases minutes from its December meeting, while the euro was dented by moderating inflation data. The U.S. central bank slowed its pace of interest rate hikes to 50 basis points last month after delivering four consecutive 75-basis...
Dollar flat as investors digest China’s loosening of COVID rules
Date: December 29, 2022
By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers – a major step in reopening its borders, even as COVID cases spike. China will stop requiring arriving travelers to go into quarantine starting Jan. 8, the National Health Commission...
Dollar hits one-week high vs yen, drops against pound as UK markets reopen
Date: December 28, 2022
By Hannah Lang and Amanda Cooper WASHINGTON/LONDON (Reuters) – The dollar touched a one-week high against the yen on Wednesday, boosted by a jump in Treasury yields and investor expectations for a rebound in Chinese growth as COVID-19 curbs loosen. Meanwhile, the pound headed towards its largest one-day rise against the dollar in two weeks...