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Sterling falls vs dollar as focus turns to UK data
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Rouble falls past 61 vs dollar as conversion of depository receipts begins
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Dollar stuck ahead of key U.S. inflation print
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Sterling holds near $1.21 as traders review BoE forecasts
U.S. dollar jumps across the board after strong U.S. jobs report
Date: August 5, 2022
By Caroline Valetkevitch NEW YORK (Reuters) -The dollar rallied across the board on Friday after a stronger-than-expected U.S. July payrolls report suggested the Federal Reserve may need to continue raising interest rates for the near term. The U.S. dollar index, which measures the greenback against a basket of currencies, sharply extended gains following the report,...
Sterling creeps lower vs dollar after BoE’s gloomy outlook
Date: August 5, 2022
LONDON (Reuters) – The British pound eased against the U.S. dollar on Friday, a day after the Bank of England (BoE) raised interest rates by the most in 27 years in an attempt to smother surging inflation but delivered a stark warning about growth. The BoE lifted its main interest rate by 50 basis points...
Dollar edges higher ahead of U.S. jobs data
Date: August 5, 2022
By Samuel Indyk LONDON (Reuters) – The U.S. dollar edged higher on Friday, attempting to recoup some losses after its sharpest daily drop in more than two weeks, as traders turned their attention to U.S. jobs data for further clues about the strength of the economy. The U.S. dollar index, which measures the greenback against...
Euro area to get back half what it’s spending on war fallout – ECB
Date: August 2, 2022
FRANKFURT (Reuters) – Euro zone countries are spending more than they will get back to cushion the economic hit from the Ukraine war via fuel subsidies and other support measures, the European Central Bank said on Tuesday, telling governments to use their cash more efficiently. The 19 countries that share the euro approved support measures...
Sterling loses steam as traders turn to safe-haven currencies
Date: August 2, 2022
(Reuters) – The British pound weakened against the dollar and euro on Tuesday as traders turned to safe-haven currencies amid rising U.S.-China tensions over Taiwan, with traders looking ahead to a Bank of England policy meeting this week. The pound was down down 0.5% against the dollar at $1.22055 pence, and versus the euro was...
Risk-off mood hits European shares; Sino-U.S. tensions weigh
Date: August 2, 2022
By Bansari Mayur Kamdar (Reuters) -European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were on edge as U.S. House of Representatives Speaker Nancy Pelosi was expected to visit Taiwan. The pan-European STOXX 600 slid 0.6% in morning trade. Pelosi was set to visit Taiwan on Tuesday, three...