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Global markets steady but recession fears remain
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Sterling jumps vs euro, slips vs dollar in thin July trade
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Safe-haven demand knocks risk-sensitive British sterling
Analysis-Japan widens FX watch to include risk of yen spike as U.S. recession fears mount
Date: July 1, 2022
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese policymakers worried about the yen sliding lower are increasingly also having to watch out for it rebounding, officials told Reuters, signalling that currency-market intervention is less likely than some investors expect. Japan has stepped up its warnings about sharp yen falls including a rare joint...
Pound gains, but focus stays on struggling UK economy
Date: June 30, 2022
By Lucy Raitano (Reuters) -The British pound rose against the dollar and euro on Thursday, as investors shrugged off official data revealing a record shortfall in the United Kingdom’s current account deficit in early 2022. Despite the bounce, the pound has rounded off its biggest six-month drop since 2016 in the first half of 2022,...
Euro drops against U.S. dollar amid renewed safe-haven demand
Date: June 30, 2022
By Joice Alves LONDON (Reuters) – The euro fell to a two-week low against the U.S. dollar and remained close to a 2015 low versus the Swiss franc amid safe-haven demand on renewed worries about higher rates and a global recession. The Swedish crown trimmed early gains against the euro after briefly jumping on the...
Further pain in store for Asian currencies after turbulent first-half
Date: June 30, 2022
By Harish Sridharan (Reuters) – Asian currencies will wallow in the near-term, analysts forecast this week, with any respite from their first-half losses only likely to come in the form of proactive policy normalization by regional central banks combined with a Chinese recovery. A mix of elevated commodity prices and narrowing interest rate differentials have...
Buckle Up: How investors can deal with crypto turbulence
Date: June 30, 2022
By Chris Taylor NEW YORK (Reuters) – When Doug Milnes started buying cryptocurrencies in January of this year, he felt like it could become an entirely new asset class for investors. Right now what it is making him feel is extremely unsettled. The marketing executive from Summit, New Jersey, says his holdings, including a number...
Rouble hits 7-year peak vs dollar after West says Russia in default
Date: June 28, 2022
MOSCOW (Reuters) – The rouble hit a more than a seven-year high on Tuesday as capital controls and month-end taxes offset the negative impact of Western statements that Russia has defaulted on its international bonds for the first time in more than a century. The White House and Moody’s credit agency said Russia has defaulted...