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Dollar slips as ECB rate hike hopes lift euro
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Sterling surges vs weakening U.S. dollar, political risks caps rally
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Euro at one-week high, helped by rowback in Fed rate hike bets
Sterling makes small gains but stays near March 2020 low
Date: July 15, 2022
By Lucy Raitano LONDON (Reuters) -A depressed British pound rose slightly against the dollar on Friday, but remained near more than two-year lows as nagging recession fears and political uncertainty weighed on sentiment. Driven mainly by dollar swings, the pound was up 0.1% to $1.184, by 1410 GMT, but started the day down and not...
Dollar set for 3rd consecutive week of gains as recession risks loom
Date: July 15, 2022
By Saikat Chatterjee LONDON (Reuters) – The dollar consolidated near a two-decade high on Friday as traders flirted with the prospect of a 100 basis point rate hike by the Federal Reserve later this month, while the euro was pinned near parity. Currencies perceived as riskier, including the Aussie and the pound, were under pressure...
Global equity funds post third weekly outflow on slowdown fears
Date: July 15, 2022
(Reuters) – Global equity funds faced a third straight week of outflows in the week to July 12 on concerns over the prospect of further central bank interest rate hikes and the health of economies worldwide. According to Refinitiv Lipper, investors disposed of $4.33 billion worth of global equity funds in a third straight week...
Sterling struggles to pull away from March 2020 low
Date: July 15, 2022
By Lucy Raitano LONDON – A depressed British pound struggled for direction against the dollar on Friday, staying near more than two-year lows as nagging recession fears and political uncertainty weighed on sentiment. The pound was up 0.08% to $1.18350,, but wasn’t far off a low of $1.1761 hit on Thursday – its lowest since...
Dollar consolidates at 2-decade high; euro at parity
Date: July 15, 2022
By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar held at a two-decade high on Friday as a broad wave of risk aversion swept through global markets, with traders flirting with the prospect of a 100 basis point rate hike by the Federal Reserve later this month. Currencies perceived as riskier, including the Aussie and...
Sterling falls as investor nerves boost dollar
Date: July 14, 2022
LONDON (Reuters) – Sterling fell on Thursday as another bout of risk aversion sent investors snapping up dollars and selling currencies deemed riskier when the outlook is so uncertain. The pound fell 0.3% to $1.1856, not far from the more than two-year low of $1.1807 hit on Tuesday. Against the euro, where the pound has...