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Sterling rallies as dollar sellers emerge, UK growth beats forecasts
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Dollar jumps, euro breaks parity after consumer prices surge
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Explainer-Why the euro’s fall below parity versus dollar matters
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Euro falls below parity for the first time in 2 decades
Stocks and euro slip ahead of key U.S. inflation data
Date: July 13, 2022
By Marc Jones LONDON (Reuters) – Stocks slipped on Wednesday and the euro lurked just above parity against the dollar, as traders waited to see if U.S. inflation data later bolsters the case for another supersized Federal Reserve rate hike this month. Recession worries meant Europe stumbled out the blocks after a relatively steady session...
Sterling edges higher as UK growth beats forecasts
Date: July 13, 2022
LONDON (Reuters) – The British pound rose slightly on Wednesday, helped by a broadly weaker dollar and after data showed the UK economy grew unexpectedly in May. Economic output expanded by 0.5% in May, although consumer services fell as the surge in inflation hit shoppers. A Reuters poll of economists had pointed to zero growth...
Global regulators back ‘same risk, same regulation’ for stablecoins
Date: July 13, 2022
By Huw Jones LONDON (Reuters) – Major stablecoins must comply with the same safeguards as traditional forms of payments, global regulators said on Wednesday, tightening controls over a battered crypto sector. Stablecoins are cryptocurrencies designed to have a stable value relative to traditional currencies, or to a commodity, to avoid the volatility that makes bitcoin...
Euro bounces after reaching brink of parity with US dollar
Date: July 12, 2022
By Karen Brettell and Sujata Rao NEW YORK (Reuters) – The euro rebounded on Tuesday after earlier sliding to a 20-year low and effectively reaching parity against the U.S. dollar as investors worried that an energy crisis in the region will tip the economy into recession. The single currency reached $1.00005 against the greenback, the...
LME hopes to soon announce nickel Asian trading return – CEO
Date: July 12, 2022
(Reuters) -The London Metal Exchange hopes to restart nickel trading in Asian hours very soon, once liquidity rises to levels seen before the suspension on March 8, its Chief Executive Matt Chamberlain said on Tuesday. The world’s largest and oldest forum for metals was forced to suspend the nickel market and cancel all trades on...
Sterling falls to fresh two-year low on leadership race concerns
Date: July 12, 2022
LONDON (Reuters) – The British pound slipped to a fresh two-year low on Tuesday thanks to a broad dollar rebound and as political uncertainty weighed on sentiment. Boris Johnson’s resignation as prime minister last week deepened the uncertainty hanging over the British economy, already under strain from an inflation rate heading for double digits, the...