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Dollar in Doldrums as Euro Near 9-month Peak, Yen Bounces
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Digital Euro Will Be Free but Limited in Scope, ECB Says
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Dollar Slips After Weak Data While Yen Ticks Up
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Sterling Clings to Recent Gains
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Date: January 12, 2023
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Dollar Stabilises Near Seven-Month Lows
Date: January 10, 2023
By Alun John SINGAPORE/LONDON (Reuters) – The dollar steadied near its softest in seven months against the euro on Tuesday after more hawkish comments overnight from two U.S. Federal officials helped it to stem its recent losses ahead of remarks by Fed chair Jerome Powell due later in the day. The euro was at $1.0736,...
Sterling Dips After Data Highlights ‘horrible’ Economic Backdrop
Date: January 10, 2023
By Amanda Cooper LONDON (Reuters) – The pound dipped on Tuesday, as a week-old rally ran out of steam following downbeat data and a reminder from the Bank of England’s chief economist that inflation could prove persistent, even as domestic energy prices retreat. A series of surveys on Tuesday showed British consumer spending rose in...
Cryptoverse: Bitcoin Digs in for a Bumpy New Year
Date: January 10, 2023
By Lisa Pauline Mattackal (Reuters) – Bitcoin’s looking steady in 2023. But it’s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it’s still down over 57% from this...
Sterling Hits 2 1/2 Week High, Eyes on BoE
Date: January 9, 2023
By Samuel Indyk LONDON (Reuters) – The British pound hit a two-and-a-half-week high against a broadly weak dollar on Monday ahead of comments from the Bank of England’s chief economist Huw Pill later in the day and Governor Andrew Bailey on Tuesday. Sterling was last up 0.3% against the dollar at $1.2123, after hitting its...
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...