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Britain’s bleak outlook sets sterling to downward spiral
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Traders ramp up bets on 75 basis-point ECB Sept hike, bond yields jump
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Russian rouble firms towards 60 vs dollar, stocks up
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Dollar edges lower as investors wait on Fed’s Powell
Rouble eases from near 4-week high vs dollar, firms vs euro
Date: August 22, 2022
MOSCOW (Reuters) -The Russian rouble pulled back from last week’s near four-week high against the dollar on Monday but held near its strongest levels this month, with a tax payment period looming that usually sees exporters convert forex revenues into roubles. At 1358 GMT, the rouble was down 0.3% to 59.25 against the dollar, having...
Britain’s cost of living crisis sends sterling to lowest since mid-July
Date: August 22, 2022
By Joice Alves LONDON (Reuters) – Sterling fell to its lowest since mid-July against the dollar on Monday as surging energy costs and a summer of strikes highlighted the UK cost of living crisis and intensified fears for further economic slowdown. Amid worries around Britain’s surging inflation and declining economy, sterling recorded its biggest weekly...
Russian rouble nears 4-week high versus dollar
Date: August 19, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble firmed to a near four-week high against the dollar in early trade on Friday, supported by month-end tax payments that boost demand for the Russian currency, while shares in fertiliser producer Phosagro surged...
Analysis-U.S. retail traders pile back into options as meme-stock mania flares
Date: August 18, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Speculative options trading is on the rise again among individual investors alongside a rally in so-called meme stocks, reviving a trend that swept Wall Street last year but faded as markets turned volatile in 2022. Trading in single stock options – a popular vehicle for retail investors...
NZ, Aussie dlrs have busy day, Fed minutes loom
Date: August 17, 2022
By Alun John HONG KONG (Reuters) – The Australian and New Zealand dollars were volatile in Asia on Wednesday, before ending up back near where they started, providing some excitement ahead of the release of minutes of the U.S. Federal Reserve’s latest meeting later in the day. The kiwi jumped to as high as $0.6383...
Rouble weakens towards 62 vs dollar, stocks up
Date: August 16, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble weakened towards 62 to the U.S. dollar on Tuesday, pressured by falling oil prices but supported by looming taxes that usually boost demand for the Russian currency, while stock indexes climbed higher. At...