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Sterling Creeps Lower vs Dollar After BoE’s Gloomy Outlook
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Dollar Edges Higher Ahead of U.S. Jobs Data
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Euro Area to Get Back Half What It’s Spending on War Fallout – ECB
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Sterling Loses Steam as Traders Turn to Safe-Haven Currencies
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...
Yen Set for Biggest Run of Gains in More Than 2 Years
Date: August 2, 2022
By Saikat Chatterjee LONDON (Reuters) – The yen was on track for its biggest run of gains since the depths of the coronavirus crisis in March 2020, as rising U.S.-China tensions over Taiwan and deepening worries about a global economic slowdown boosted the appeal of safe-haven assets. Against the dollar, the Japanese currency was on...
Dollar Rallies From Three-Week Lows as U.S. Data Shows Pick-Up in Inflation
Date: July 29, 2022
By Gertrude Chavez-Dreyfuss and Saikat Chatterjee NEW YORK/LONDON (Reuters) – The dollar rebounded from a three-week low in choppy trading on Friday, as a round of U.S. economic data suggested that inflation continued its red-hot rise in June, keeping the Federal Reserve on track to raise interest rates as aggressively as it deems necessary. The...
Dollar Hits Three-Week Low to Yen as Fed’s Powell Less Hawkish Than Feared
Date: July 28, 2022
By Kevin Buckland and Rae Wee TOKYO (Reuters) – The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell assuaged investors’ worries about continued aggressive monetary tightening. The U.S. currency sank as low as 135.105 yen, its weakest since July 6 after the Fed raised the benchmark...
Sterling Flirts With Three-Month High vs Euro
Date: July 28, 2022
LONDON (Reuters) – Sterling inched towards a three-month high versus the euro and a one-month high against the dollar as the more positive mood on broader markets encouraged investors back into currencies considered riskier during uncertainty. Analysts say with the conclusion of the Conservative Party leadership contest that will decide the next British prime minister...
Sterling Edges Higher as Economic Outlook Darkens Rate View
Date: July 26, 2022
LONDON (Reuters) – Sterling reached more than two-week highs on Tuesday, but was confined in recent trading ranges as analysts assessed the prospect of a 50 bps rate hike by the Bank of England against the backdrop of a worsening economic outlook. The BoE will likely shy away from a bigger interest rate rise in...