Trading

Image for Sterling slips as dollar edges higher, with all eyes on U.S

Trading

Sterling Slips as Dollar Edges Higher, With All Eyes on U.S

Image for UK faces 50 billion pound fiscal hole, government sources say

Trading

UK Faces 50 Billion Pound Fiscal Hole, Government Sources Say

Image for Dollar sinks, sterling jumps as market turns to risk assets

Trading

Dollar Sinks, Sterling Jumps as Market Turns to Risk Assets

Image for Sterling rises but gloomy economic outlook remains in focus

Trading

Sterling Rises but Gloomy Economic Outlook Remains in Focus

Image for Rouble rebounds vs dollar as Russian market reopens after long weekend

Rouble Rebounds vs Dollar as Russian Market Reopens After Long Weekend

Date: November 7, 2022

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble strengthened on Monday, belatedly responding to last Friday’s dollar weakness as it pulled away from its lowest point since mid-October that was hit before the Russian market closed for a three-day weekend. At...

Image for Dollar tumbles as U.S. nonfarm payrolls show mixed picture

Dollar Tumbles as U.S. Nonfarm Payrolls Show Mixed Picture

Date: November 4, 2022

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar slumped on Friday after the U.S. nonfarm payrolls report for October showed the world’s largest economy created more new jobs than expected, but also flashed signs of slowdown with the higher unemployment rate and lower wage inflation. The greenback initially rose immediately after the data, but...

Image for First Industry Pilot for Digital Asset and Decentralised Finance Goes Live

First Industry Pilot for Digital Asset and Decentralised Finance Goes Live

Date: November 4, 2022

Singapore, 2 November 2022… The Monetary Authority of Singapore (MAS) announced today that the first industry pilot under MAS’ Project Guardian that explores potential decentralised finance (DeFi) applications in wholesale funding markets has completed its first live trades. More industry pilots have been launched to test the application of asset tokenisation and DeFi across a...

Image for MAS Launches Expanded Initiative to Advance Cross-Border Connectivity in Wholesale CBDCs

Mas Launches Expanded Initiative to Advance Cross-Border Connectivity in Wholesale CBDCs

Date: November 4, 2022

Singapore, 3 November 2022…The Monetary Authority of Singapore (MAS) today launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC). Ubin+ will focus on the following: Study business models and governance structures for cross-border foreign exchange (FX) settlement, where atomic settlement, based on digital...

Image for Dollar sags, stocks rise after U.S. jobs temper rate expectations

Dollar Sags, Stocks Rise After U.S. Jobs Temper Rate Expectations

Date: November 4, 2022

By Amanda Cooper LONDON (Reuters) -The dollar fell on Friday, while stocks extended gains after data painted a picture of a U.S. economy that is creating jobs, but is starting to slow, tempering expectations for the Federal Reserve to keep raising rates as fast to fight inflation. The Bureau of Labor Statistics said 261,000 workers...

Image for Fed and BoE dismantle sterling rate support :Mike Dolan

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...