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Britain’s Cost of Living Crisis Sends Sterling to Lowest Since mid-July
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Russian Rouble Nears 4-week High Versus Dollar
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Analysis-U.S. Retail Traders Pile Back Into Options as Meme-Stock Mania Flares
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Nz, Aussie Dlrs Have Busy Day, Fed Minutes Loom
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...
Sterling Falls vs Dollar as Focus Turns to UK Data
Date: August 15, 2022
LONDON (Reuters) – The British pound fell on Monday against a broadly stronger dollar at the start of a week where traders and the Bank of England (BoE) will get the latest insight into the strength of the labour market and price pressures. Focus is on jobs data on Tuesday and inflation figures on Wednesday,...
Rouble Falls Past 61 vs Dollar as Conversion of Depository Receipts Begins
Date: August 15, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble slid past 61 to the dollar on Monday as the conversion of depository receipts in Russian companies to local shares got underway and as foreign investors from designated “friendly” countries were able to...
Dollar Stuck Ahead of Key U.S. Inflation Print
Date: August 9, 2022
By Dhara Ranasinghe LONDON (Reuters) – The dollar lurked below recent highs on Tuesday as traders awaited this week’s key U.S. inflation print for any signs that price pressures are finally abating and that the need for further aggressive U.S. interest rate hikes is easing. Unexpectedly strong U.S. jobs data on Friday had boosted the...
Sterling Holds Near $1.21 as Traders Review BoE Forecasts
Date: August 8, 2022
By Samuel Indyk LONDON (Reuters) – The British pound was little changed against the dollar and euro on Monday as traders digested last week’s Bank of England (BoE) decision and turned their focus to growth figures due on Friday that should give clues on the state of the economy. The data, expected to show a...
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,...